Bonds

<img src=”https://public.flourish.studio/visualisation/21870451/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were quiet Friday ahead of an $11 billion new-issue calendar as U.S. Treasury yields fell and equities ended up. The bond market’s attention has shifted from inflation and tariffs to economic growth issues, said BofA Global Research’s Yingchen Li and Ian Rogow. “Weak January retail sales and a

“It is totally counter-intuitive that a Republican district would be thinking about eliminating a tool that finances the very infrastructure and economic development and affordable housing in their district,” said Toby Rittner, president and CEO of the Council of Development Finance Agencies. ”But this is a math game. The president wants certain things, and they have

Bond trustee UMB Trust has hired Lighthouse Management Group to serve as a receiver for a defaulted mining project.AdobeStock A Florida mining project that defaulted on its municipal bonds was put into receivership. The United States District Court for the Middle District of Florida appointed Lighthouse Management Group, Inc., to be the receiver for the

<img src=”https://public.flourish.studio/visualisation/21851341/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bond issuance in the Far West region in 2024 reflected a national boom, rising 30.8% year-over-year to $98.96 billion, according to LSEG data, spurred by infrastructure spending and fear over potential changes post-election. “There was a theme for the majority of the year of people pushing out debt

Dave Sanchez has been head of the SEC Office of Municipal Securities since 2022. While Dave Sanchez, director of the Securities and Exchange Commission’s Office of Municipal Securities has repeatedly expressed concern regarding joint powers authorities, there is no certainty of following enforcement action although that risk always can be heightened in situations where bond

<img src=”https://public.flourish.studio/visualisation/21854401/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Thursday as mutual funds continued to see inflows. U.S. Treasury yields rose and equities ended down. The two-year municipal to UST ratio Thursday was at 62%, the five-year at 64%, the 10-year at 67% and the 30-year at 86%, according to Municipal Market Data’s 3

Amtrak, with a train pictured here in Chicago, is moving forward on efforts to build a high-speed bullet train in Texas. Amtrak Amtrak this week issued a Request for Qualifications announcing it’s seeking a delivery partner for a high-speed train in Texas, signaling momentum for the long-stalled project. The RFQ represents the first major step

Tennessee Gov. Bill Lee’s proposed fiscal 2026 general fund budget is 9% higher than the existing fiscal 2025 general fund budget.Bloomberg News Tennessee Gov. Bill Lee’s proposed fiscal 2026 budget includes $930 million in bonds in what may be the first of several years of increased state bonding. The bonds would be general obligation bonds

S&AdobeStock S&P Global Ratings’ view of Guam’s bonds has shifted from negative to positive. It gave a positive outlook to its BB-minus rating on Guam’s general obligation bonds, BB rating on Guam’s business privilege tax and section 30 revenue bonds, and B-plus rating on its appropriation-backed certificate of participation. The ratings action removes a negative

“When you go up on the Hill, the M.O. is, ‘No, we’re not, we’re not going to touch bonds,'” said Brian Egan, chief policy officer for the National Association of Bond Lawyers.  ”We heard that consistently throughout 2017 until we actually saw the bill. It’s easy to say programs are safe when you haven’t really sat

Dallas Police Department officers in 2022. The Dallas City Council set a goal to hire 300 police officers in the current fiscal year to comply with a voter-approved mandate to increase the police force and officer pay, which led to a negative rating outlook from Moody’s Ratings.Bloomberg News The Dallas City Council adopted a goal

Adobe Stock The Financial Industry Regulatory Authority has fined MarketAxess Corporation $90,000 for Municipal Securities Rulemaking Board rule violations including the inaccurate reporting of trade times for more than 57,000 transactions, most of which were off by just one second.  MarketAxess, which operates fixed income electronic trading platforms, submitted a letter to FINRA proposing a

“We want to continue what is working, but discontinue what isn’t working,” said Senate Committee on Environment and Public Works Chair Shelley Moore Capito, R-W. Va., as the committee takes up the next surface transportation bill. Allison Robbert/Bloomberg As Congress takes up the next surface transportation bill, lawmakers should keep in mind the importance of

Chicago alderpeople narrowly approved the issuance of $830 million of general obligation debt that Mayor Brandon Johnson says will fund infrastructure improvements.Bloomberg News Chicago’s City Council on Wednesday approved the issuance of $830 million of general obligation bonds that Mayor Brandon Johnson’s administration says will fund infrastructure projects in the capital improvement program. “I made

&lt;img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST

Richard Ciccarone, president emeritus of Merritt Research Services.Alan Klehr Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times. Illinois is currently tied with Nevada for the latest fiscal 2023 audit.

A bill to extend the sunset of a Kansas sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects is pending in the House after passing the Senate last week. Adobe Stock A Kansas bill would continue an economic development bond program that has fallen short of

The Federal government’s long-term budget challenges could mean dramatic changes for hospitals and health systems nationwide, derailing the post-COVID credit recovery that helped turn the healthcare sector into the fastest-growing segment of the municipal market in 2024. The House Budget Committee recently began considering legislation that would reduce spending on health programs like Medicaid by

&lt;img src=”https://public.flourish.studio/visualisation/21815415/thumbnail” width=”100%” alt=”chart visualization” /&gt; Midwest municipal bond volume grew in 2024, but at a rate well behind the nation’s during a record year for muni sales. Issuers in the 11-state region sold $80 billion of municipal bonds, a 14.9% increase-year-over-year, as U.S. municipal volume rose 33.1% to $512.7 billion.  “[2024] was the highest

A vehicle caught in the destruction of the Eaton Fire in Altadena, California.Bloomberg News The Pasadena Unified School District in Southern California announced plans to eliminate 151 full-time employees, including 115 teachers, as it struggles to close a budget shortfall and deal with the fallout from the Eaton Fire. The Pasadena Unified School District Board of Education

&lt;img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /&gt; Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the