Public finance

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.

Federal funding will cover the replacement of the Bourne and Sagamore bridges, with ownership to transfer to the Massachusetts DOT upon completion.

Schedule of upcoming bond elections

Municipals showed strength Tuesday in the face of new supply as long yields dipped as much as two basis points.

Dag Detter, an investment advisor and former president of the Swedish government's holding company, explores creative ways for U.S. states and cities to improve their finances. Paul Burton hosts.

Puerto Rico faces an uphill battle for recovery — what should happen and what will happen in the coming years for the island is in one word: uncertain.

Municipals finished little changed ahead of this week's new-issue slate while retail investors are coming back into the market.

The Puerto Rico Oversight Board has saluted the privatization deal.

Texas reported June revenues improved from May, but still down year-over-year.

UMB claims the bonds for the Kansas hotel project are in default because the developer failed to secure a $52 million loan required by the bond indenture.

The Bi-State Development Agency, which manages St. Louis public transit, took a two-notch downgrade from S&P Global Ratings over the pandemic's impacts.

The Oversight Board welcomed the decisions and one litigant attorney said they would be appealed.

Yields have essentially remained flat since mid-June as the market has digested new issues well and investors are starved for paper, especially tax-exempts.

The New York/New Jersey agency's issuance of $1.1 billion in taxable notes underscores multi-year revenue challenges it confronts due to the COVID-19 pandemic.

Some participants are afraid that tweaking what they don't like in the law could only make it worse.

Transportation officials have spent nearly six years on a Massachusetts Turnpike redesign and an infrastructure merge called the "throat." Time is running short.

Preston Hollow says another court ruling proves some of its defamation claims. Nuveen counters that accusations fail to rise to defamation because many are opinion or true.

Traders and strategists say the dearth of tax-exempt debt and the surge of taxable issuance is keeping the market steady.

Carrión says the biggest problem has been the local government's lack of commitment to structural reforms to benefit the economy.

The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.