Public finance

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.

The governor pointed out the advantages of the current low interest-rate market environment and the state’s low debt levels.

The federal Tennessee Valley Authority has been pushed to offer better terms to local utilities in the Southeast to keep them in its fold.

The primary led the secondary to lower yields as UST 10-year fell to lows last seen a week ago. Regional service sector surveys released Tuesday showed improvement, which feeds into the belief that inflation will rise in the near term.

States and local governments will soon get guidance on how they can spend $350 billion in funds from the last round of coronavirus relief.

Lawmakers approved a Golden State Stimulus that provides relief to businesses and $600 checks to low-income residents on the strength of an earlier-reported surplus.

Monday’s economic data suggested weakness, with existing home sales declining for the first time in four months and the Federal Reserve Bank of Chicago’s National Activity Index slipping into negative territory, but economists are not concerned.

The legislature's GOP-controlled Joint Finance Committee will craft a two-year capital plan after rejecting Gov. Tony Evers' $2.4 billion plan for only the second time in recent history.

How the industry weathered the worst public health crisis in over 100 years to bring to market the amount of bonds it did, and to recover as it did, is a testament to its resiliency and its necessity for the state and local governments it serves. Join us for perspectives from industry experts on March 31.

The bond insurer adds a second office in the Lone Star State, where it does a large volume of business.

Republican opposition to tax increases supporting an infrastructure bill may hamper the advancement of hoped-for muni tax provisions.