Public finance

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

The secondary market price has risen 40% since June 11.

Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.

Only $14.9 billion has been disbursed out of the $48.35 billion allocated by Congress since Hurricane Maria.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

Mayor praised for restraint ahead of uncertainty about possible big cuts to city services by Albany.

NYC OMB Director Melanie Hartzog speaks about budget reserves.

NYC Council Finance Chair Daniel Dromm talks to Paul Burton on the budget process.

New York City Mayor Bill de Blasio unveils his preliminary fiscal 2021 budget.

Rhode Island's governor is asking lawmakers to forward $269 million worth of initiatives to voters.

The index increased in comparison to figures from a year and month earlier.

On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.

The mayor warned about looming state Medicaid cuts in his media briefing on the preliminary spending plan.

Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

Wisconsin's latest and historical financials, ratings, offering statements, and contacts are now available at Wisconsinbonds.com

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

A calm rate outlook, a focus on taxable municipals, and a stable credit outlook are drivers of the current outlook and market convictions for Gary Pollack of Deutsche Bank. John Hallacy hosts.

Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.

While the aid is for repairs following 2017's Hurricane Maria, some are particularly welcoming it now after earthquakes have shaken the southwest for two weeks.