Public finance

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

The Smart Plan received the leadership recognition award from the National Association of Government Defined Contribution Administrators.

Municipals held firm as more new deals swarmed into the marketplace.

It is unlikely that transit agencies will get the full amount, but the Senate's new bill implies possible discussion for more transit funding.

Minnesota's governor blames efforts to strip emergency powers he used in the fight against COVID-19 for the holdup in passing a $1.8 billion bond authorization.

Tom Kozlik of Hilltop Securities explains why meaningful federal coronavirus assistance to states and cities is no slam dunk. Paul Burton hosts. Recorded July 21.

Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.

The lack of a significant new-issue calendar is encouraging some investors to purchase ahead of the first of the month, but others are putting buying off until the arrival of Aug. 1 redemptions.

Lottery revenues, used to cover a chunk of the state's pension payment, will fall about $163 million short.

Municipal bonds finished steady on Friday ahead of next week's $7.8 billion new-issue slate while high-grade paper trades up in the secondary. Investors are looking for stability.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

Dallas-Fort Worth International Airport's second major refunding saw results similar to the first, paving the way to a $1.1 billion deal next week.

Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.

Cyberattacks are increasingly likely as more government employees work from home due to the coronavirus pandemic, analysts said.

Chuck Peck, head of public finance investment banking at Wells Fargo, discusses how COVID-19 has changed the municipal bond market. Aaron Weitzman hosts.

Municipals were stronger on the short- and intermediate ends as long maturities held firm in quiet trading on Wednesday.

The National League of Cities is focused on college towns as part of its effort to persuade the Senate to provide $500 billion to local governments.

The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.

The commission approved the borrowing amid projections of a $153 million budget shortfall for fiscal 2020 due to COVID-19.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.