Bonds

<img src=”https://public.flourish.studio/visualisation/21581636/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker as U.S. Treasury yields rose and equities were mixed toward the end. Municipals were cut up to four basis points, depending on the scale, while UST yields rose up to four basis points out long. The two-year municipal to UST ratio Tuesday was at 61%, the

The growth of ETFs in the municipal bond space promotes secondary market liquidity, said Patrick Luby, head of municipals and senior municipal strategist, CreditSights. CreditSights BlackRock converted its high-yield municipal bond mutual fund into an actively-managed high-yield exchange-traded fund this week as ETFs continue to grow in popularity in the muni market. There are now 114 municipal

“We will make the largest investment in water in the history of Texas,” Gov. Greg Abbott said in his Feb. 2 State of the State address. “We will tap into new water supplies and repair pipes to save billions of gallons of water each year.”Bloomberg News Texas Gov. Greg Abbott wants to pour billions of

<img src=”https://public.flourish.studio/visualisation/21560546/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Monday as U.S. Treasuries were narrowly mixed and equities ended up. Munis continued their January rally heading into the first week of the month as the asset class saw gains of 0.43%, bringing year-to-date gains to 0.94%, said Jason Wong, vice president of municipals at AmeriVet

“President Trump cannot cut federal payments approved by Congress,” said New York Attorney General Letitia James said. New York is part of two state-led lawsuits seeking to overturn the Trump administration’s aggressive federal spending cuts.Al Drago/Bloomberg A Rhode Island district court judge Monday said the Trump administration has violated his order to resume the flow of

Huntington hired Dan Kelly as head of municipal underwriting. He joins the bank as it is in growth mode and chasing larger deals.Huntington Huntington hired Dan Kelly as head of municipal underwriting. The addition of the municipal finance industry veteran will bolster the Columbus, Ohio-based bank’s strategy of pursuing major clients and larger transactions, according

“In Texas, resilient growth is expected to continue in 2025 at about the same pace as 2024,” Dallas Federal Reserve Vice President Labor Economist Pia Orrenius said, adding risks to the outlook include, tariffs, sharply lower immigration, and a rollback in federal government spending. Dallas Federal Reserve Job growth will continue to trend lower in

&amp;lt;img src=”https://public.flourish.studio/visualisation/21524058/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals were weaker out long, while U.S. Treasury yields rose and equities ended down after a mixed jobs report. Ahead of Friday’s nonfarm payrolls report, UST yields fell another eight basis points this week, making it a 33-basis-point rally from Jan. 14, said Barclays strategist Mikhail Foux. Munis had

North Carolina Treasurer Brad Briner said addressing the state health plan’s looming defict is one of his highest priorities. The North Carolina State Health Plan Board of Trustees took a step toward a salary-based employee health insurance premium contribution system, as a way to avoid a looming $1.3 billion deficit in the government’s health plan

Sen. John Cornyn, R-Texas, in 2017 led the charge to save tax-exempt private activity bonds that had been axed in an early House draft of the Tax Cuts and Jobs Act. Al Drago/Bloomberg House and Senate tax staff and members seemed receptive to the Bond Dealers of America’s plea to preserve the municipal bond tax

Electrical transmission lines near the Eaton Fire in Altadena. The Eaton Fire has become the fifth-deadliest in state history, killing at least 17 people, burning 14,021 acres and destroying 9,418 structures.Bloomberg News Southern California Edison reported to state regulators Thursday that its equipment may have played a role in sparking the Hurst Fire that burned

“I look forward to finishing our review and while there are areas where we agree and others where we may disagree, we will go to work to deliver for Virginians, as we have done the past three years,” said Republican Governor Glenn Youngkin via a statement. Bloomberg News Virginia lawmakers are bucking the governor’s budget proposals by

Pennsylvania Gov. Josh Shapiro at the State Capitol in Harrisburg on Feb. 28, 2024.Bloomberg News The 2024 election results created national political upheaval, but in Pennsylvania, voters sent their state legislators back to Harrisburg with the exact same margins. “The good people of Pennsylvania looked at all we’ve accomplished together,” Gov. Josh Shapiro said in

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated

University of Louisville Hospital, which is one of the hospitals in the UofL Health system.Bloomberg News Fitch Ratings downgraded UofL Health, Inc., Kentucky’s issuer default rating and Series 2022A & 2022B revenue bonds to BBB from BBB-plus. The outlook is stable.UofL Health has $564 million in debt plus an additional $423 million in operating lease

University of Louisville Hospital, which is one of the hospitals in the UofL Health system.Bloomberg News Fitch Ratings downgraded UofL Health, Inc., Kentucky’s issuer default rating and Series 2022A & 2022B revenue bonds to BBB from BBB-plus. The outlook is stable.UofL Health has $564 million in debt plus an additional $423 million in operating lease

The regulatory outlook “at this moment is uncertain,” Municipal Securities Rulemaking Board CEO Mark Kim said Thursday, adding that the financial regulation priorities of the new administration in Washington remain largely unclear.  “We obviously have a new administration, but that administration has not articulated very clear priorities with regards to financial regulation of our markets,”

Gina Fiorini, Jenny Boulton, Sofia Lykke and Julie Eddington are the new public finance attorneys in Kutak Rock’s Minneapolis office.Kutak Rock Kutak Rock LLP has doubled its public finance footprint in Minnesota with the addition of four new public finance attorneys to its team. Jenny Boulton, Julie Eddington, Gina Fiorini and Sofia Lykke have joined

New York has “pretty strong revenues, better than they anticipated,” said Howard Cure of Evercore Wealth Management. “The threat is cuts to some federal programs, and if the city and state are willing to make up the difference, and how would they fund that?” The New York City Transitional Finance Authority is set to price