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Municipals were firmer Monday ahead of an increase in supply, as U.S. Treasury yields fell and equities ended mixed. With another week of increased supply, pressure in the near-term will continue, “but with higher yields and muni-to-Treasury ratios cheapening, munis are at attractive levels as yields are at year-to-date highs,” said Jason Wong, vice president

The backers of a tax measure to shore up funding for ailing San Francisco regional transit providers, notably the Bay Area Rapid Transit District, pulled it amid opposition on several fronts. Sen. Scott Wiener, D-San Francisco, and Sen. Aisha Wahab, D-Hayward, who authored Senate Bill 1031, had promised further amendments as it moved to the

The American Public Transportation Association sent a letter to lawmakers calling for a full appropriation of $42.5 billion in rail funding promised by the Bipartisan Infrastructure Legislation.   Per the letter, “These historic investments in public transportation will help communities of all sizes flourish, connecting workers to jobs, students to school, and people to healthcare,” said

Energy Secretary Jennifer Granholm said Friday the U.S. needs to triple its nuclear capacity to meet President Joe Biden’s goal of net-zero emission by 2050. Granholm made the comments in Waynesboro, Georgia, where she joined a host of public officials celebrating the commercial start of the Unit 4 nuclear reactor at Plant Vogtle. The reactor

Amid increasing signs of financial and operational distress, the U.S. Virgin Islands Water and Power Authority board Monday announced CEO Andrew Smith will resign, effective June 30. The WAPA board held an emergency meeting Friday afternoon to deal with several topics. Nearly the entire meeting was held outside of public view but at least two

Connecticut is gearing up to issue $450 million of general obligation bonds aimed first to retail Monday, in a deal with many features that are popular in the current market, particularly more than half offered to taxable muni investors.  The bonds will also be buoyed by Connecticut’s brand — the state has developed a reputation