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Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.
May 12
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The Fed on Monday essentially said it was standing 10 feet back from the market, allowing it to manage the pandemic-driven crisis itself. Lower-rated issuers may benefit most from the facility.
May 11
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The COVID-19 pandemic got in the way of Salt Lake City International Airport's plans to issue bonds for the second phase of its $4.3 billion expansion.
May 11
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High-grade trading Friday showed the disparate credit picture that investors are facing; they now need to dig deeper into municipal financials and the backstops on certain bonds.
May 8
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Depending on recovery, state's deficit could soar to $126 billion.
May 8
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The Puerto Rico Oversight Board and local government are being allowed to file additional replies concerning lift stay motions.
May 8
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IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.
May 8
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In the midst of issuer credit deterioration due to coronavirus, muni yields fell and new-deals were priced on the heels of California's $54 billion deficit news.
May 7
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The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.
May 7
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The Puerto Rico government attributes the decline to the COVID-19 virus and the governor's resulting lockdown order.
May 7
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Primary deals are now coming at tighter spreads to the secondary than they have recently. Cooler heads are appearing on the institutional side, but ICI reports $1.7 billion pulled from muni market mutual funds.
May 6
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This year's award recipients are New York City Comptroller Scott Stringer, city Deputy Director for Finance Alan Anders and Jefferies banker Kym Arnone.
May 6
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One of the bills authorizes $17 billion in new federal authorization to invest in water infrastructure as municipalities grapple with coronavirus’ impact on their water systems.
May 6
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The city comptroller is monitoring the markets amid a projected $8.7 billion revenue gap and a possible 22% unemployment rate by the end of June.
May 6
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The lowest-rated state government moved a $1.2 billion GO certificate deal to the day-to-day calendar in the face of a skeptical buyside.
May 5
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The case that has the potential to upend legal precedent about how public pensions are treated in California.
May 5
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Two credits struggling with coronavirus-driven revenue shortfalls experienced very different outcomes in Tuesday's market. Taxable Penn State bonds showed the appetite for taxable munis is real.
May 5
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Weak investment returns, assumption changes, and low contributions pushed up the cumulative unfunded liabilities of 11 local government pension funds.
May 5
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Howard Cure, director of municipal bond research at Evercore Wealth Management, analyzes New York State’s $177 billion 2021 fiscal year budget and the impact of major fiscal uncertainties stemming from the COVID-19 pandemic. Andrew Coen hosts.
May 5
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A premarketing wire indicated the deal could price at spreads 300 basis points north of benchmark yields. In Monday's trade, the rally begun last week continued.
May 4
