Washington

Returns are deep in the red with the Bloomberg Municipal Index at negative 1.85%, while high-yield sits at negative 1.81%.

States want "maximum flexibility" when it comes to implementing the $7.5 billion program in the Infrastructure Investment and Jobs Act.

The think tank seeks papers with a focus on research related to the impact of COVID-19 on public finance, innovations in funding infrastructure and threats posed by climate change.

The statement offered no surprises, but Fed Chair jerome Powell's refusal to denounce more hawkish scenarios hurt market sentiment.

Better communication will be key in future P3s, a top Maryland transportation official said.

The transition away from Libor presents challenges for small issuers with fewer resources to evaluate legacy contracts.

Triple-A benchmarks were cut two to six basis points across the curve with the largest moves concentrated again on bonds inside 10 years, underperforming Treasuries once again.

Pat Toomey, the top Republican on the Senate Banking panel, questioned the backgrounds of President Biden’s Federal Reserve picks amid a brewing conflict over diversity at the central bank and its role in dealing with climate change.

The Federal Highway Administration has acknowledged it lacks the authority to tell states how to spend federal infrastructure dollars, AASHTO said.

Industry advocacy groups want uniform rules that enhance clarity and common understanding without adding complexity or liability.