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The sponsors of a $20 billion bond measure to fund affordable housing in the San Francisco Bay Area have removed it from the November ballot. A statement announcing the Bay Area Housing Finance Agency’s decision to withdraw the measure indicated doubt about its ability to garner the necessary two-thirds supermajority from voters in the nine-county

Bond insurance continues to be used by issuers and sees strong demand from retail and institutional investors, as the amount of debt wrapped by bond insurance rose 19.5% in the first half of 2024 year-over-year. Municipal bond insurers wrapped $18.592 billion in the first half of 2024, an increase from the $15.561 billion insured in

Despite swings in short-term rates, issuance of variable rate demand obligations and other floating-rate debt has steadily increased over the past several years, with variable rate (short put) issuance during the first half of 2024 rising to $7.077 billion, an 11.6% increase year-over-year, LSEG data shows. Issuance rose to $13.239 billion in total in 2023

Issuance surged in the first half of 2024, as drying up federal aid, a resurgence of Build America Bond refundings and front-loaded deals ahead of the election contributed to the rise in volume after two down years. Total volume for 1H 2024 was $242.162 billion in 4,208 deals, up 32.3% from $183.076 billion in 3,916

Municipal bond volume in the Northeast increased more than any other region in the first half of 2024. Issuers sold $61 billion of debt in 678 deals, a 55% increase over the same period last year. Each of the region’s 11 states outpaced its volume from last year, according to data from LSEG, with most