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<img src=”https://public.flourish.studio/visualisation/21273943/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Wednesday as the primary market picked up, led by the $2 billion retail pricing from the Regents of the University of California in the negotiated market and a $1.2 billion deal from the state of Washington in four series in the competitive market. U.S. Treasury yields

The Texas House and Senate unveiled their budget plans for the fiscal 2026-27 biennium.Bloomberg News The Republican-controlled Texas House and Senate on Wednesday unveiled base budget plans for the upcoming biennium with both chambers proposing to continue funding and expand a massive property tax cut enacted in 2023. Armed with a record $39.4 billion cash

MSRB Chair Warren “Bo” Daniels. MSRB The Municipal Securities Rulemaking Board reported total net assets of $67 million for its fiscal year ended Sept. 30, 2024, up 14% from $58.7 million a year earlier as growth in underwriting fees helped boost revenue.  MSRB reported $57.5 million in total revenue as of Sept. 30, 2024, up

“It is unfathomable to me that on the first day of this administration, the President signed an executive order to pause this progress, putting millions of dollars, hundreds of thousands of jobs and thousands of projects located in every congressional district in this country at risk,” said House Transportation and Infrastructure Ranking Member Rick Larsen,

Gary Hall, Siebert’s president of infrastructure and public finance.Siebert Williams Shank The Siebert Williams Shank Foundation has donated $100,000 to two organizations providing aid to Los Angeles residents affected by the wildfires. The donations were split equally between the California Community Foundation Wildfire Recovery Fund and the Los Angeles Fire Department Foundation. “Our hearts go

The Oklahoma County Detention Center, which opened in 1991, is slated to be replaced with a bond-financed facility.Oklahoma County Detention Center With costs escalating for a bond-financed replacement jail, an Oklahoma County oversight board on Tuesday endorsed holding a special election on a sales tax to help fund the construction and operation of the facility. 

“The interval fund structure is well suited to the municipal market throughout a cycle,” said Alex Petrone, Rockefeller Asset Management’s director of fixed income.Rockefeller Asset Management A trio of interval funds new to the municipal bond market underscore the growing popularity of this type of closed-end fund as managers look for alternative investments that offer

“New issue value was a record in 2024 at $508 billion,” said John Bagley, chief market structure officer, for the Municipal Securities Rulemaking Board. “The first time the market went over $500 billion in its history.” MSRB Experts are looking to the past to predict the immediate future for what’s going to happen in the near-term

Last year was a record-breaker for the $4 trillion municipal market and a momentous one for the U.S. economy as well, what with the Federal Reserve cutting interest rates for the first time since 2022 and Republicans regaining control of the White House and both houses of Congress. But less than a month into 2025,

The Chicago area’s Regional Transporation Authority is calling for $1.5 billion in funding from state and local sources, including higher local sales taxes and rider fares. Regional Transportation Authority With Chicago-area transit services facing a fiscal cliff and state lawmakers in Springfield advocating major governance reforms, the region’s Regional Transportation Authority released a plan last