Public finance

As officials in the tourism-dependent county prepare for a resurgence of tourism as attractions reopen, they are also dealing with a surge of COVID-19 cases.

The city's utility enterprise received rating boosts ahead of a $318 million revenue bond deal that will price after this week's general obligation deal.

Municipals finished little changed on Tuesday in light trading activity with the summer seeming to settle in.

Bond analyst Joseph Krist examines the types of debt most vulnerable to the coronavirus hit. He also discusses the Federal Reserve's Municipal Lending Facility. Recorded June 10. Paul Burton hosts.

Despite this week’s smaller calendar, the recent surge of bond deals could make June the most active month of 2020.

Most consolidated rent-a-car facility debt is structured with solid debt service reserves, a cushion for investors after the coronavirus halted travel.

Highlights of a House Democrat legislative package include a new series of taxable direct-pay bonds that would start with a federal 42% subsidy for interest expenses.

A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.

Municipal bonds finished a very active week little changed as participants caught their breath after seeing almost $12 billion of new issues come to market.

Century Housing says it has financed 45,000 affordable housing units, but this marks its first venture into the municipal bond market with a muni CUSIP.

Besides navigating coronavirus market disruption, investors also find themselves dealing with the increasingly important and often inconsistent climate risk disclosure.

Refinitiv Lipper reported $1.7 billion of municipal bond fund inflows. while municipal prices were little changed Thursday.

Employment, retail sales, and economic activity index data are all delayed.

The Move America Forward Act would permanently reinstate Build America Bonds, advance refundings and expand the issuance of private activity bonds.

Matt Boardman, head of fixed income for RBC Wealth Management, talks with Chip Barnett, about how the municipal bond market has changed over the past few months in light of the coronavirus pandemic. He talks about how the economic effects due to COVID-19 caused a "sudden and violent" dislocation in munis for over two months and how we’ve now returned to being a more rational and reasonable market and remains vibrant and strong.

The day's big new-issue slate was led by the pricing of the New York State Urban Development Corp.'s $1.3 billion deal.

Board says it has prevailed in past legal struggles with the local government.

Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.

Municipals finished weaker on Tuesday amid Treasury weakness and equity strength.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.