Public finance

Seven measures totaling $400 million will go before voters in a state whose gubernatorial transition is on hold.

Muni yields have climbed double-digit basis points in a week but technicals remain strong. Refinitiv Lipper reports $1.96 billion of inflows into municipal bond mutual funds.

Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.

The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.

The municipal secondary gave way to higher-yields and triple-A benchmarks rose two to five basis points. U.S. Treasuries pared back Tuesday's losses, even on the heels of better economic data.

The consequences of not passing infrastructure legislation in the next few months may be dire.

Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.

The Federal Transit Administration rescinded a Trump administration policy that refused to count as a local cost-share the payments by New York and New Jersey on a proposed federal loan.

"We need to make realistic assumptions regarding our ability to achieve expected returns in the future," said North Carolina State Treasurer Dale Folwell.

With the U.S. Treasury sell off, municipal to UST ratios fell below 55% in 10-years.

The judges should rule soon on insurer suits seeking monetary compensation against major bond underwriters.

Howard Cure of Evercore and Maria Doulis, formerly of the Citizens Budget Commission, explore New York City's fiscal variables amid the pandemic. Paul Burton hosts. (30 minutes). Recorded Jan. 26.

The COVID-19 pandemic threw the economy into disarray, creating uncertainty in so many areas, and economists still don’t agree on the future of inflation. But they agree the Fed will need to adjust when the economy starts to improve.

Uncertainties include state and federal aid levels, the effects of vaccine distribution and the MTA's finances.

If voters grant $500 million in new bond authority, the agency can hold down rate increases to fund mandatory projects.

While most observers expect inflation to grow as the economy heals, the latest CPI numbers suggest that it hasn't yet arrived.

The Oversight Board asked the court to extend its deadline for submitting various documents including a term sheet to restructure the central government debt.

Goldstone, who helped the city return to the bond markets after SEC sanctions, will help recently elected Mayor Todd Gloria get his administration rolling.

HJ Sims has used Cinderella bonds, tender offers and forward deliveries to help senior living clients refinance without tax-exempt advance refundings.

Even if there was some hesitation in the past few sessions to accept lower municipal yields given rich valuations, municipals continue grinding lower. One- and two-year AAA yields hit record lows of 0.06% and 0.08%, respectively.