Public finance

Municipal bonds have a direct effect on the social and cultural character of cities, metropolitan areas, counties, and states. Munis and the initiatives they support such as public education, housing subsidies, public transit systems, and more, can often be linked to local or regional politics. Join Lynne Funk, Executive Editor at The Bond Buyer and Destin Jenkins, Neubauer Family Assistant Professor of History at the University of Chicago as they explore how municipal bond mismanagement can have contrasting influences on the different ethnic groups in our cities.

The municipal market was steady Monday as the investors gear up for three separate billion-dollar deals heading to market from California, New York, and Connecticut issuers.

The state said it would continue to move forward with the new prisons despite Barclays departure amid controversy over the role of private firm CoreCivic.

Anticipating a flood of funding from President Biden's infrastructure plan, states are positioning for an expansion of broadband to rural and underserved areas.

Transportation infrastructure, sustainability and affordable housing are in play in three different bond deals.

Non-farm employment went up for three consecutive months.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

A VMT fee was also the consensus way to pay for infrastructure during a Senate EPW Committee hearing on Wednesday.

Four out of the six economic indicators released on Thursday surpassed expectations, with consumers tapping their savings to quench pent-up demand. U.S. Treasuries made gains but municipals stood on their own in an impressive two-day rally with insatiable demand.

The economy grew faster from late February through early April while consumer spending increased, with a possible rise in inflation in the near term, according to the Federal Reserve’s Beige Book released on Wednesday.

They say the bankruptcy judge should delay ruling on the relative priority of Puerto Rico's bonds until she deals with the central government plan of adjustment.

The P3 taxable deal aims to replace the state’s old, dilapidated and outdated jails with more modern alternatives in a bid to ease prison overcrowding and provide new services to inmates.

Ohio's Summa Health is selling $310 million of taxable corporate CUSIP debt Wednesday.

He starts next month a the new president and CEO of the Utah Housing Corp.

One-year municipal debt has fallen to record lows with benchmark yield curves at 0.05% and the 10-year muni has fallen below 1% while 30-year muni benchmark yields at or less than 10-year UST.

Recent budgetary and pension reports underscore how llinois must proceed with caution in spending $7.5 billion of federal aid.

Instead of trying to spend more within traditional programs, the federal government should design more modern policy, Brookings experts said.

Assured Guaranty and National Public Finance Guarantee reached a deal with the Oversight Board on repayment of $4.6 billion of revenue bonds.

Municipal bonds, issued by state and local governments, finance infrastructure investment and should be the foundation of any modernization package.

The commonwealth's largest public pension fund acknowledged an erroneous investment return that was just high enough to avoid triggering a teacher risk-sharing provision.