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Municipals were slightly weaker Monday but outperformed U.S. Treasuries, which saw larger losses 10 years and out, while equities ended up. Triple-A yields rose one to five basis points, depending on the curve, while UST yields rose up to 14. The two-year muni-to-Treasury ratio Monday was at 65%, the three-year at 65%, the five-year at

The Puerto Rico Oversight Board’s proposed Puerto Rico Electric Power Authority plan of adjustment can be approved in its current form despite a recent appeals court ruling undermining the assumptions that underlies it, said board Executive Director Robert Mujica Jr. “We believe that the current plan that we have is confirmable as it is and

The Biden administration Friday asked Congress to greenlight an additional $4 billion in emergency funds that would cover, among other things, a rebuild of the collapsed Francis Scott Key Bridge in Maryland and wildfires in Maui last August. The request comes on top of the administration’s $56 billion request last October in supplemental funding for

Municipal market regulators will be holding a compliance conference in Denver this fall in an aim to bring together municipal advisors, broker-dealers and other market participants to discuss the most pressing concerns in compliance, examinations, enforcement, and post-trade reporting, among many others. The Compliance Outreach Program, co-hosted by the Securities and Exchange Commission, the Municipal