Washington

A group of 20 muni bond investment firms have asked U.S. cities to disclose their environmental-related needs and risks, including infrastructure projects, to CDP, a global disclosure firm.

Investors added $236.491 million to municipal bond mutual funds, per Refinitiv Lipper data, versus the $698.782 million of outflows the week prior. High-yield saw inflows hit nearly $550 million.

Sens. Manchin and Schumer's long-elusive deal on a energy, climate and tax bill includes no muni-friendly items or SALT reform.

Municipals are poised to end July in the black. Demand for muni product has been strong this summer, with analysts expecting supportive market technicals through August with a likely continuation of positive performance.

With the Fed committed to fighting inflation with aggressive rate hikes, fewer issuers want to take the risk with taxable advance refundings.

The SEC’s Public Finance Abuse Unit has brought four enforcement cases against municipal issuers this year, which signals a shift from the usual focus on underwriters and municipal advisors.

Investors sit on the sidelines, waiting to see how much the Fed will hike rates. The consensus appears to be another 75 basis point rate hike, though a full point hike could be on the table.

The Democrats' reconciliation bill has been whittled down to a pair of health care provisions, including one that carries implications for nonprofit hospital credit quality.

Public finance attorney and NABL board member Johnny Hutchinson has left Squire Patton Boggs to join Nixon Peabody as a partner.

Scammers are masquerading as the IRS’ Tax Exempt and Government Entities Division to try and get issuers and borrowers to disclose confidential information.