Public finance

Ratios aren't budging as municipal to UST outperformance is not abating. The three largest deals of the week will be taxable, increasing the demand component for exempt paper.

Illinois is among the states that critics say have downplayed their unfunded long-term debts and should be forced by new GASB rules to become more transparent.

If an infrastructure bill does go through a partisan route, municipal bonds’ future could be very fluid.

Municipal bond issuers in the State of New York accounted for half of the top 10, while issuers from California held two of the top four spots.

The top municipal bond underwriters of the first quarter of 2021 are well ahead of last year's record pace, as the country is starting to finally see the light at the end of the COVID-19 pandemic tunnel.

High-yield inflows return to the tune of $821 million. The 10-year triple-A hovers just above 1%.

Pierluisi said his approach to governance would avoid fights and promote cooperation.

These so-called American Renewal Bonds would help finance a national infrastructure initiative until the economy sufficiently recovers from the pandemic.

Moody's Investors Service notes that the new two-tier pension system will not immediately decrease Kentucky's high unfunded pension liabilities.

The Investment Company Institute reported another week of inflows, $800-plus million, as participants focus on that part of the market as an indicator of how munis will fare during tax season.

The board also extended the deadline for two bond insurers to withdraw from the central government bond Plan Support Agreement.

The EPA would be responsible for administering the new grant program, should it become reality.

The theme of low supply, positive inflows and the anticipation of higher tax rates led triple-A benchmarks firmer by one to two basis points.

Kansas City will follow up a GO sale from last month with $186 million of tax-exempt, taxable new money and refunding special obligation bonds Wednesday.

Net revenues came in 21.6% ahead of Puerto Rico Oversight Board projections in the first seven months of the fiscal year.

The cost of guaranteeing 3% cost-of-living adjustments to more retired Chicago firefighters is estimated at $18 million to $30 million annually.

America simply cannot compete globally, especially with China, without an infrastructure-driven advanced manufacturing and inventive base.

Top lawmakers bought time amid pressure from unions and progressive legislators.

State court rulings have successfully challenged the need for more than a simple majority on voter-driven tax measures, most recently in San Francisco.

The services sector showed improvement and employment made big gains in March, but economists note the labor market remains far from full employment.