Bonds

U.S. seaports generally enjoy strong financial metrics that would help offset headwinds from potential tariffs, said Jeff Devine, Municipal Research Analyst at GW&K Investment Management.GW&K Investment Management Investors in U.S. seaports aren’t worried — yet — about fallout from tariffs threatened by President-elect Donald Trump although shifts in trade policy combined with a potential labor

The lowest-rated cohort of New Jersey municipalities are on a trend of strengthening finances, according to a report from Moody’s Ratings.  Economic improvement, better management and stronger state support has helped the municipalities achieve their strongest finances in a decade, the report said.  The cohort members — which include Newark, Atlantic City, Paterson, Irvington, Salem,

“The district’s fiscal year 2025 budget request to Congress proposes $932 million for the District of Columbia, which is $142 million above the enacted level,” said Rep. Dave Joyce R- Ohio.  ”Notably, $47 million of this increase is due to a need for more emergency preparedness funding for the upcoming Presidential Inauguration. As a member

The “fist” monument to boxer Joe Louis in Detroit. The city has fought its way back from bankruptcy to investment grade.Adobe Stock Wednesday marks the 10-year anniversary of Detroit’s exit from bankruptcy. Its Chapter 9 declaration in July 2013 was the largest municipal bankruptcy in U.S. history, and Detroit’s comeback saga has been just as

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking came in at more than $5 billion, according to data from LSEG. November was the first down month for issuance in the muni market and the top 20 bond financings only had a cumulative

Lighthouse at Montauk Point. Long Island. NewYorkMishella/Getty Images/iStockphoto Moody’s Ratings upgraded Suffolk County, New York, two notches citing the county’s improved fiscal position, sales tax growth and operational oversight.  Moody’s is the third rating agency to upgrade Suffolk this year, after Fitch Ratings and S&P Global Ratings upgraded the Long Island county. The county plans

<img src=”https://public.flourish.studio/visualisation/20727385/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly weaker Tuesday as investors digested a large amount of new-issuance against the backdrop of a weaker U.S. Treasury market while equities were mixed. Muni yields were cut up to two basis points, depending on the scale, while UST yields rose by one to two basis points

Vivek Ramaswamy, chairman and co-founder of Strive Asset Management, far left, and Tesla CEO Elon Musk met with Republican lawmakers on Dec. 5, 2024 about efforts to cut $2 trillion from the federal budget.Al Drago/Bloomberg California’s publicly funded high-speed rail project, a favorite target of Congressional Republicans, faces a fresh threat when President-elect Donald Trump

Puerto Rico Attorney John Mudd speculated PREPA bankruptcy may be headed for dismissal, with the court appointing a receiver for the authority. “No prospect” of a “mediated or consensual resolution” for the Puerto Rico Electric Power Authority bankruptcy exists, the PREPA mediation team told the court Monday, which an outside attorney said leaves the bankruptcy

“What we’re looking at for 2025 is a few warning lights on the dashboard that there could be some stress on state budgets in the next year,” said Tim Storey, CEO at the National Council of State Legislatures.   ”I’ve seen five to seven states that are saying, ‘we’re starting to project slower revenue growth, perhaps even

California’s bond rating outlook was revised to stable from negative by Moody’s Ratings.Bloomberg News California’s improved revenue outlook has brought the Golden State an improved rating outlook. Moody’s Ratings revised the outlook on California’s Aa2 rating to stable from negative Monday afternoon. Moody’s had revised the outlook to negative in May 2023 citing the state’s

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Michael Scarchilli

“If you’re looking at a $2 billion capital cost, it’s generally outside the reach of governments to invest that kind of money into a building, said David Abrams, an investment banker with Inner Circle Sports.  ”The need for capital from a variety of sources is much greater and the revenue streams are more diverse. Ticket prices are no longer just general admission

Oklahoma Treasurer Gentner Drummond, pictured criticized State Treasurer Todd Russ for fumbling the defense of the state’s anti-ESG law.Oklahoma attorney general’s office Oklahoma’s legal fight to reinstate its “anti-ESG” law will continue amid a public squabble between two elected officials who support the law. Oklahoma’s Energy Discrimination Elimination Act of 2022 prohibits state and local

Enjoy complimentary access to top ideas and insights — selected by our editors. As 2024 comes to a close, many public finance professionals are making career switches across the industry, and firms are looking to increase their presences in new areas of the country with these new hires. PNC’s recent hires are helping to build

&amp;lt;img src=”https://public.flourish.studio/visualisation/20705605/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipal bonds were little changed to a touch weaker in spots as investors shifted their focus to the larger new-issue slate ahead while U.S. Treasuries saw losses along the curve and equities closed the session in the red. Municipal yield curves were mostly little changed to weaker by a

James West is CEO and CIO of Principal Street Partners, which plans to acquire the clients of bankrupt money manager Greenwich Investment Management. Principal Street Partners, a Memphis-based investment firm, will acquire the clients of a bankrupt money manager that specialized in buying high-yield bonds issued for senior living facilities and charter schools. A U.S.

The latest Water Resources Development Act bill is named after outgoing Senate Environment and Public Works Committee Chair Tom Carper, D-Del.Rachel Wisniewski/Bloomberg The U.S. House of Representatives is poised to vote this week on a sweeping water infrastructure bill that would send billions to flood-control and coastal resiliency projects and revamp a popular transportation loan

Palomar Health’s steep operating losses call into question the solvency of the healthcare district.Palomar Health Palomar Health, an Escondido-based two-hospital system, which was downgraded by Moody’s Ratings to junk in October, has reported a $165 million operating loss for the fiscal year ended June 30. Palomar Health is the largest public health care district in

Connecticut Gov. Ned Lamont’s administration has consistently borrowed less than its capacity over the years.Bloomberg News Connecticut is poised to ramp up transportation borrowing in the coming years, according to its most recent fiscal accountability report. “What we want to do is take advantage of the federal resources that are available to make some long-term,

&amp;amp;amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20664459/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;amp;amp;gt; Municipal bond yields fell Friday following U.S. Treasuries’ gains after improved jobs data affirmed the Federal Reserve’s expected December rate cut path, while equities were mixed ahead of the close. “Financial markets are now pricing in a cut at this month’s [Federal Open Market Committee] meeting and two more