Triple-A municipal bond yields fell a few basis points Wednesday following the Federal Reserve’s decision to hold rates and signal that only three rate cuts were likely in 2024, which sent U.S. Treasury yields plummeting down more than a quarter point on the short end while equities rallied and the Dow Jones Industrial Average closed
Bonds
Federal highway officials Wednesday defended the seemingly slow rollout of a high-profile federally funded program to create a national network of electric vehicle chargers. Ohio last week opened what is so far the nation’s first — and only — electric vehicle charging station funded through the 2021 Infrastructure Investment and Jobs Act. New York is
Fast-moving developments in the national capital region could open a gold mine of new debt to finance a nine million square foot arena complex in Alexandria, Virginia. The proposed, $2 billion public-private partnership would move the National Hockey League’s Washington Capitals, and the NBA’s Washington Wizards out of Washington, D.C.’s Capital One Arena in the
The Puerto Rico Oversight Board reached a tax cut compromise with the local government, the board indicated Wednesday. The non-recurring action will allow 177,000 taxpayers to receive a refund when they file taxes for this year, while an additional 413,000 residents will receive larger Earned Income Tax Credit payments, the board said. Puerto Rico Oversight
A sales tax extension to fund a replacement professional sports and concert arena costing at least $900 million won overwhelming approval from Oklahoma City voters Tuesday. The continuation of a Metropolitan Area Projects (MAPS 4) one-cent sales tax for six years beyond its April 1, 2028 expiration date passed with 71% of the vote amid
Florida’s $114.4 billion proposed budget for fiscal 2024-2025 continues a more than decade-long trend of paying down debt while limiting new bond issuance. Gov. Ron DeSantis released his recommended budget on Dec. 5, which would spend almost 4%, or $4.6 billion, less than the current fiscal year. The budget proposal includes $455 million in funding
Puerto Rico Electric Power Authority bond parties argued in appeals court briefs that their trust agreement clearly gives them a lien on incoming revenues and supports their claim for the $8.5 billion pre-bankruptcy principal rather than the $2.4 billion set by a lower court judge. The parties argued about the language needed to establish a
Two big Illinois issuers have scheduled refunding deals with planned pricings on Thursday, with the Illinois State Toll Highway Authority to issue $900 million of series 2024A senior revenue refunding bonds and Chicago’s Midway Airport to sell $393 million of series 2023C senior revenue refunding bonds. Rising interest rates had made refundings thin on the
Municipals were mostly steady to a touch softer in secondary trading while newly upgraded gilt-edged Ohio upsized its general obligation refunding deal and repriced to lower yields. U.S. Treasuries improved on the day following cooler inflation data that many participants said would not move the needle on the Federal Reserve’s rates decision Wednesday. Triple-A yields
The Chicago Civic Federation Tuesday named the city’s former inspector general, Joseph Ferguson, to serve as its new president, replacing long-time and high-profile former president Laurence Msall, who died in February. Ferguson, 63, joins the non-partisan watchdog and research organization after a months-long search led by a 15-member committee. He was selected from a pool
America’s local communities are woefully ill-equipped to deal with the steady onslaught of disasters happening across the country and Congressional leaders need to act to lower the threshold and permanently reauthorize the Community Development Block Grants – Disaster Relief program. That was one key message delivered during the Senate Committee on Transportation, Housing and Urban
Washington Gov. Jay Inslee has announced plans to allocate another $941 million toward climate change programs when he formally unveils his supplemental budget on Wednesday. The proposal, part of what Inslee called his 2024 climate agenda, continues the state’s actions to protect Washingtonians from climate change and create clean energy jobs, he said Monday. Lawmakers
Two New York budget watchdogs testified before the City Council’s Finance Committee on Monday listing the good, the bad and the worrisome about the current state of the Big Apple’s finances. The Independent Budget Office predicts the city will end fiscal 2024 with a $3.6 billion surplus above the Mayor’s Office of Management and Budget
Stakeholders in the transit systems serving Chicago and its wider metropolitan area have delivered a plan to deal with financial shortfalls driven by the COVID-19 pandemic and the “fiscal cliff” coming when the last federal relief funding is spent. All they need now is the money to pay for it. The Plan of Action for
Enjoy complimentary access to top ideas and insights — selected by our editors. 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. Keeley Webster (00:04):Hello, I am Keeley Webster. Welcome to another Bond Buyer podcast. The Governors of
This week’s Federal Open Market Committee meeting will be of interest to market participants despite the unlikelihood of any changes in monetary policy, since a new Summary of Economic Projections will be released and will provide insight into officials’ thinking on fed fund target levels for next year. The market is pricing in about five
Bondholders and other parties involved in the Puerto Rico Electric Power Authority bankruptcy returned to court Friday in an effort to move the needle on their opposing cases seeking better repayment terms. Bond parties defended their adversary complaint against Puerto Rico’s central government’s actions regarding PREPA since the central government emerged from bankruptcy in March
Municipals saw weakness for the first time since October after falling upward of 100 basis points since then, as investors are digesting the lower muni yield set amid richer ratios and weaker U.S. Treasuries. Triple-A yields rose one to three basis points with larger losses out long, depending on the curve, while USTs were mixed
Recovering from last year’s brutal selloff, high-yield municipal bond funds this year have faced an improved but still rough performance amid large pockets of market volatility, as some, like Nuveen’s market-dominating fund, suffered more than others. While portfolio managers said they’re optimistic that shifting market dynamics will boost performance in 2024, the market swings this
Oregon lawmakers were forced to approve $19 million in emergency funding last week to bolster its highway maintenance as winter approaches. Oregon Department of Transportation officials had begun implementing significant service reductions within maintenance and operations amid shortfalls caused by a decline in gas tax revenues, record high inflation and limitations on budgeted agency funds.
New Mexico Gov. Michelle Lujan Grisham unveiled a $500 million public-private sector plan last week to build a strategic water supply to advance clean energy production and storage and protect dwindling freshwater in her arid state. At the COP28 United Nations Climate Change Conference in Dubai, the Democratic governor said New Mexico would use the
- « Previous Page
- 1
- …
- 32
- 33
- 34
- 35
- 36
- …
- 107
- Next Page »