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<img src=”https://public.flourish.studio/visualisation/21601827/thumbnail” width=”100%” alt=”chart visualization” /> Municipals sold off Wednesday, moving higher in sympathy with U.S. Treasuries after hotter-than-expected inflation data showed the Fed may not be able to cut rates this year. Equities ended mixed. Muni yields were cut six to 12 basis points Wednesday, depending on the curve, while UST yields rose eight

“There’s still much work to be done, but we are starting on the right path,” House Speaker Mike Johnson, R-La., said about a budget resolution that outlines topline numbers for a massive tax bill.Bloomberg News The House released its long-awaited budget resolution Wednesday, a key step toward crafting a massive tax package that’s being closely

Enjoy complimentary access to top ideas and insights — selected by our editors. Republican legislators have placed tax-exempt bonds on the regulatory chopping block — as the cost to renew expiring provisions of President Donald Trump’s 2017 Tax Cuts and Jobs Act continues to grow — putting municipal leaders in the eye of a storm.

Noble Network of Charter Schools’ Rowe-Clark Math and Science Academy campus in Chicago. The network’s recent bond sale was a success.Noble Network of Charter Schools Charter schools are a flashpoint across the nation, yet as the larger charter sector reels, particularly those with unrated credits, some remain resilient, including one Midwest charter school that went

<img src=”https://public.flourish.studio/visualisation/21581636/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker as U.S. Treasury yields rose and equities were mixed toward the end. Municipals were cut up to four basis points, depending on the scale, while UST yields rose up to four basis points out long. The two-year municipal to UST ratio Tuesday was at 61%, the

The growth of ETFs in the municipal bond space promotes secondary market liquidity, said Patrick Luby, head of municipals and senior municipal strategist, CreditSights. CreditSights BlackRock converted its high-yield municipal bond mutual fund into an actively-managed high-yield exchange-traded fund this week as ETFs continue to grow in popularity in the muni market. There are now 114 municipal

“We will make the largest investment in water in the history of Texas,” Gov. Greg Abbott said in his Feb. 2 State of the State address. “We will tap into new water supplies and repair pipes to save billions of gallons of water each year.”Bloomberg News Texas Gov. Greg Abbott wants to pour billions of

<img src=”https://public.flourish.studio/visualisation/21560546/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Monday as U.S. Treasuries were narrowly mixed and equities ended up. Munis continued their January rally heading into the first week of the month as the asset class saw gains of 0.43%, bringing year-to-date gains to 0.94%, said Jason Wong, vice president of municipals at AmeriVet

“President Trump cannot cut federal payments approved by Congress,” said New York Attorney General Letitia James said. New York is part of two state-led lawsuits seeking to overturn the Trump administration’s aggressive federal spending cuts.Al Drago/Bloomberg A Rhode Island district court judge Monday said the Trump administration has violated his order to resume the flow of