Public finance

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.

Over the weekend, prominent senators criticized President Biden's infrastructure plan, with some more moderate senators' votes hanging in the balance.

The deal affects $3.2 billion of Employees Retirement System bonds.

With its growth only slightly hindered by the pandemic, the University of Texas System aims for savings with refunding deal.

Non-farm payrolls rose 916,000 in March, according to a Labor Department report Friday, while the unemployment rate fell to 6%.

The funding would come on top on multi-billion measures proposed by lawmakers — and a $100 billion in spending included in President Joe Biden’s infrastructure plan.

Recent one-time funds from the American Rescue Plan Act and higher-than-projected revenues for many states are in many cases being put into infrastructure.

The authority appears ready to take advantage of market conditions following a successful December refunding.

Assured Guaranty and National Public Finance Guarantee continue talks with the Puerto Rico Oversight Board.