Washington

The House Financial Services Committee held a hearing Tuesday examining the practices of proxy advisors and their relationship with ESG investing.

Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.

Municipals lagged the UST moves again, cheapening ratios and creating a valuable entry point for investors looking for compelling taxable equivalent yields, particularly 10-years and out.

Environmental regulations under fire in California.

The high-grade issue is expected to be well received by the market. D.C. joins a growing list of issuers refunding outstanding BABs amid lower rates.

It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.

"The numbers are weak, but not cusp of recession weak," Chris Low, chief economist at FHN Financial, said.

Iowa has the largest number of poor bridges, followed by Pennsylvania and Illinois.

House Republicans are hoping to jam through a voter eligibility bill as part of the upcoming continuing resolution in order to avert a shutdown before Sept. 30.

"Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook," the report said.