Public finance

The municipal bond industry faces many obstacles and opportunities from the pandemic. But 83% of surveyed participants think munis have made it through the worst.

Susan Courtney, head of the Municipal Bond Team at PGIM Fixed Income, talks inflation, muni credit in COVID times and infrastructure. (27 Minutes) Lynne Funk hosts.

A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.

Municipal bond industry leaders weighed in on their expectations for 2021 during a panel discussion at The Bond Buyer's National Outlook Conference.

Biden's $2 trillion infrastructure proposal, combined with the shortened week and the arrival of the second quarter, took attention away from the muni market.

The first quarter of 2021 concludes with $102.1 billion, slightly higher than the $95.3 billion that the market saw in the COVID-ravaged first quarter of 2020.

Municipal bond provisions were not mentioned, but stakeholders expect those details to be hashed out in what is likely to be a protracted battle in Congress.

Gov. Ralph Northam and U.S. Secretary of Transportation Pete Buttigieg announced the agreements with Amtrak, CSX and Virginia Railway Express.

Larger fund flows, lower supply and optimism surrounding issuer credit post-stimulus allowed for a March price reversal that avoids posting two consecutive months with losses. The consumer confidence index jumped to its highest reading in a year in March.

Transportation fare and tax revenues lost to the coronavirus can be countered with federal relief funding, says the Illinois Economic Policy Institute.

Municipals continue to outperform Treasuries amid a light holiday-shortened week led by a California tobacco deal.

A trio of municipal bond analysts say now is the time for investors to take advantage of the strength and resilience of the asset class.

With some light at the end of the pandemic tunnel, the University of Arkansas for Medical Sciences fund growth with $139 million of revenue bonds.

Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now.

Gov. Tom Wolf said the tax has become unreliable for funding the commonwealth's vast network.

Refinitiv Lipper reported more inflows into municipal bond mutual funds to the tune of $592.4 million. Initial jobless claims fell to the lowest point since the pandemic began, moving Treasuries weaker while equities saw gains.

The Dallas Area Rapid Transit Authority will seek a federal grant for the light rail tunnel with the support of the City Council.

Buttigieg's support of PAB financing comes days before the Biden administration plans to unveil its infrastructure proposal.

A formula revision will boost funding for local governments most in need under the state's payment in lieu of taxes program.

ICI reported another week of inflows at $2.23 billion. U.S. Treasuries strengthened further as COVID-19 concerns linger with shutdowns in Germany and spreads elsewhere. Equities were mixed.