Public finance

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

Maine State Treasurer Henry Beck discusses how the New England state is confronting steep revenue losses driven by the COVID-19 pandemic and budget-saving measures that may be enacted. Andrew Coen hosts.

Municipals finished little changed as a deluge of taxable deals get ready to hit the market.

A steadier market gave Wisconsin the opportunity to move last week on a long-stalled refunding that notably offered a forward delivery piece.

Citing market turmoil from the pandemic, a California conduit issuer gave the Virgin Trains USA project a five-month extension to sell $3.25 billion of debt.

The bipartisan Modernizing Agricultural and Manufacturing Bonds Act would expand the small issue manufacturing bonds and first-time farmer bonds programs.

Dallas-Fort Worth International Airport has $875 million of tax-exempt refunding deals coming up and a $`1.1 billion taxable refunding in the wings.

The move is part of the oversight board's efforts to free localities from dependence on the central government.

Already stung by a 2020 revenue hit of nearly $300 million this year, Cook County sees more budget pain related to the pandemic ahead

Municipal bonds finished mostly steady on Friday ahead of a $7.2 billion holiday week new issue calendar.

The shortfall underscored advocates' calls to provide more dedicated funding to the statewide transit provider.

Proceeds will finance and refinance projects based on the benefits of ensuring inclusive and equitable quality education, officials say.

As some states see new coronavirus lockdowns, municipals maintain stalwart position.

Protecting the tax-exempt status of municipal bonds and reviving Build America Bonds are priorities for the New Partnership on Infrastructure.

While reducing the FY21 spending plan to $87 billion, New York's mayor said he needs $1 billion in labor concessions or the city could lay off up to 22,000 workers.

In 15 years at Wilshire Consulting, he worked with public and corporate pension funds, foundations, endowments and insurance companies.

Cooper Howard, director of fixed income strategy at the Schwab Center for Financial Research, talks about the bifurcation in the market and what investors should look at during the rest of the year.

Municipal bond funds and ETFs saw combined inflows of $2.942 billion in the week ended June 17, ICI said.

The state's flagship university returns to the market after S&P Global Ratings improved its rating outlook and Moody's Investors Service lowered it.

The California Institute for Regenerative Medicine, which has been on life support for years, is expected to close if the measure fails.