Public finance

City Council reservations torpedoed Mayor Adrian Perkins' request to ask voters for $207 million of general obligation bond authority.

Refinitiv Lipper reports another multi-billion week of inflows, the domino effect from such strong flows is that secondary selling doesn’t need to be so active, creating fewer opportunities for new inquiry, analysts say.

Muni yields have been in a nine-basis point range since the beginning of the year while UST yields have fluctuated more than 20 basis points. With so little supply, muni credit spreads continue to compress.

This would be the Government Finance Officers Association's first best practice document on ESG.

Tax-exempt performance is dependent on what supply looks like versus taxables. The 30-day visible supply shows more than 30% taxables on tap, though some analysts say the taxable increase makes exempts more attractive.

The Economic Activity Index was down 0.4% from October.

Miami Mayor Francis Suarez talks with Chip Barnett of The Bond Buyer about what makes the Magic City so appealing to companies and investors alike right now. He discusses the attractiveness of its business climate, the city’s financial strengths, efforts to fight climate change and the diversity and resilience of its residents. (7 minutes)

Friday’s data showed economic weakness. Consumers, the drivers of the economy, pulled back during the holiday season and have exhibited weakening sentiment.

The bonds are coming in three tranches, mixing tax-exempt new money and a taxable refunding.

The New York mayor rolled out his $92.3 billion preliminary spending plan with warnings about federal and state variables, more pronounced amid the COVID-19 crisis.

Powell, speaking on a livestreamed event, said interest rates will be raised "no time soon" and there will be plenty of notice "well in advance of active consideration."

Mayor Adrian Perkins put the bond proposals before the City Council and asked for a vote on a special April 24 election on four bond referendums.

Pedro Pierluisi wants to make sure that employees are not dismissed and don't lose their benefits, among other things.

“I couldn’t be more pleased to learn that Alabama will be the new home to the United States Space Command," said Alabama Gov. Kay Ivey.

State Treasurer Dale Folwell said his office was rewarded for staying the course on a decades-long conservative management strategy.

The new Democratic Senate majority makes the path to enacting muni-friendly policy easier than it has been for years.

The Foothill-Eastern Transportation Corridor Agency in California has slated a tender offering exchange for Jan. 21 ahead of a Jan. 25 advance refunding.

Municipal bonds continue to ignore UST and ICI reports $2.67 billion of inflows. While CPI should stay soft through the first quarter, expectations for future inflation should be considered.

Former state Treasurer Jay Rising will take the helm of Detroit's finances next week, replacing Dave Massaron.

Muni to U.S. Treasury ratios hover near the lowest point in a decade and analysts see little impetus for munis to catch up in the near term.