Washington

The combination of steady supply, heavy secondary selling and inconsistent demand have moved yields to their highest levels since May 2020.

The bulk of the IIJA money will flow first to the states, so cities need to be organized and ready to work with governors, White House Infrastructure Coordinator Mitch Landrieu told the U.S. Conference of Mayors.

In the near term, federal aid is sitting on balance sheets ready to be deployed if some of the downside economic risks become reality, experts say.

Joe Biden's comments about splitting up Build Back Better into separate bills represents a new opportunity for muni advocates to push for the inclusion of key priorities.

Groups believe that the draft compliance resources contain some useful information, though they could be construed as creating new compliance requirements.

The Municipal Securities Rulemaking Board has launched its“innovation sandbox” which intends to enhance the use of data already available through EMMA.

Cities led the American recovery last year, Yellen told mayors at the U.S. Conference of Mayors winter meeting.

The 2-, 5- and 10-year UST is higher than before the pandemic began as investors factor in a rate hike as soon as March.

Senate Banking Chair Sherrod Brown plans an early February hearing for President Joe Biden’s three most recent Federal Reserve picks and said he expects bipartisan confirmations of all five nominees to the central bank’s board.

If Congress opts for a continuing resolution instead of a full-year appropriation, transportation lobbyists said they would ask for an exception so that IIJA funds can begin to flow.