Public finance

Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

The state of Illinois sold $2 billion of three-year notes to the Federal Reserve's Municipal Liquidity Facility at 3.42%.

The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.

The municipal market can best be described as a "Goldilocks market" due to accommodative federal monetary policy, strong demand and limited supply, bond director Ben Watkins told the Cabinet.

He has a background working in the island's pharmaceutical industry and for the island's government working to attract and retain private sector firms.

Joe Torsella still advised that such a move to backstop the commonwealth's two largest public retirement funds is no panacea.

How assumptions are settled on revenues, spending, and the economy will affect the Commonwealth debt plan.

Even with COVID-19-related shutdowns — a New York City lockdown may be imminent — issuers are pricing bonds into an extremely low-rate environment.

Fiscal 2020 added another $3.8 billion to the state's unfunded pension liabilities, according to a new state report.

New York State's short-term revenue losses, resulting from coronavirus shutdowns, won't curb enthusiam for the Empire State Development Corp.'s offering, according to market sources.

The project will construct a new 11-mile east-west freeway south of Lincoln, Nebraska, and it will be financed in a way that doesn’t infringe on state borrowing limits or expose investors to undue credit risk.

The LBJ Infrastructure Group, operator of managed lanes on a Dallas highway, will sell $1.2 billion of bonds through a conduit issuer.

Munis firmed Friday, only the second time in December they weren't flat, and more than a few participants are waiting on yields to rise before getting involved, particularly given the rich muni/treasury ratios and low absolute yields.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

Pinned into a corner from the economic effects of COVID-19, the mass transit agency tapped its remaining amount available through the Municipal Liquidity Facility, which expires at year's end.

Wisconsin will use new pools for negotiated transactions starting next year

Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.

The largest tranche of the deal, $706 million with a 5% coupon in 2047, yielded 4.15%, a 275 basis point spread over triple-A paper.

The $1,000 denomination Liberty Bond deal aimed to lure socially conscious, retail investors to broaden its investor base.