Bonds

The Municipal Securities Rulemaking Board has put out a request for information on its rate card fee setting process, further indication that the board is still working through potential modification and upgrades to how it goes about setting and collecting its underwriting, transactions and trade count fees. This was approved during the board’s first quarter

A WeGo public transit bus in Nashville, Tennessee. Public transit improvements are among the items in a $2.1 billion bond measure.Bloomberg News Voters in the Southeast will decide the fate of several large bond proposals on Election Day, including a Nashville, Tennessee, measure that would back some $2 billion of debt, and $590 million in

Chicago Mayor Brandon Johnson speaks at the Democratic National Convention earlier this year. Johnson on Wednesday unveiled his fiscal year 2025 budget proposal.Bloomberg News Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids

Municipals were steady to slightly firmer in spots as the market absorbed the last day of sizable supply ahead of the presidential election, which included two billion-dollar-plus pricings. U.S. Treasury yields rose 10-years and in and equities ended down as the markets digested the latest economic growth data and expectations for the Fed’s next moves.

The Department of Transportation announced $2.4 billion in funding for 122 rail projects in 41 states and the District of Columbia, though concerns about the future of rail and other infrastructure funding are rising.  ”Through the Bipartisan Infrastructure Law, we’re funding rail infrastructure projects that create jobs and expand workforce development, reduce costs for consumers,

Voters next week will consider 300 transportation-related measures on state and local ballots that together are worth more than $70 billion. Eleven of the measures have the potential to generate $1 billion of revenue over the life of the tax, according to the American Road & Transportation Builders Association, which tracks the measures. ARTBA highlighted

Volatile market conditions, higher ratios and rising interest rates have led to a slowdown in Build America Bond redemptions recently, but there are still a number of issuers that have signaled they intend to call back their BABs before yearend. About $14.9 billion of BABs have been called in 2024 while $938.3 million is set

U.S. home sales declined 2.9% in August, according to Freddie Mac, with existing home sales falling to the lowest level since October 2010.Bloomberg News As housing costs remain high, housing finance agencies in the Midwest are selling bonds to finance mortgage loans to buyers of single-family and multifamily homes. Existing home sales declined in August

Enjoy complimentary access to top ideas and insights — selected by our editors. The 10 largest underwriters of electric power issuance in the first half of 2024 accounted for $8.68 billion. Morgan Stanley was first in $2.21 billion, followed by J.P. Morgan with $1.74 billion and Goldman Sachs with $1.34 billion. Rank Underwriter Par amount 

Enjoy complimentary access to top ideas and insights — selected by our editors. The 10 largest issuers of electric power issuance in the first half of 2024 accounted for $8.224 billion. The 10 top was led by the Southern California Public Power Authority with $1.423 billion in five deals, followed by the Los Angeles Department

Enjoy complimentary access to top ideas and insights — selected by our editors. Top 10 electric power bond counsel of electric power issuance accounted for $9.36 billion in 38 deals in the first half of 2024. Orrick Herrington & Sutcliffe led the pack, accounting for $2.36 billion in nine issues for a 24.8% market share,

Secondary trading showed a weaker tone Tuesday but the focus shifted to the primary as a large slate of new issues along the credit spectrum were priced, while U.S. Treasuries improved and equities closed the session mixed. The primary was led by two large California issues, including the state’s competitive sale of tax-exempt and taxable

Oklahoma Treasurer Todd Russ, his office and his chief of staff were sued alleging they withheld documents related to the state’s anti-ESG law. Oklahoma Treasurer Todd Russ, his office and his chief of staff and deputy treasurer, Jordan Harvey, were sued last week by an open-records company that accused them of withholding and possibly destroying

A leftist candidate for Puerto Rico’s governorship has gained momentum and closed in on the front-runner, but analysts say his election would not have a dramatic impact on the future of the island’s bonds. A poll released Monday by El Vocero, a leading Puerto Rico news outlet, showed the candidate, Jose Dalmau, polling 29% compared

Early voting Saturday in Arlington, Virginia. The federal election outcome will impact tax policy and the municipal bond industry.Bloomberg News The key question for municipal market investors heading into next week’s tight federal election is less about who wins and more about by how much. Next year promises to be significant for tax policy and

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. Michael Scarchilli (00:04): Hi everyone, and welcome to The Bond Buyer podcast, your go-to source

Minute Maid Park, home of the Houston Astros, opened in 2000 as Enron Park.HCHSA The Harris County-Houston Sports Authority heads to market Tuesday with roughly $330 million in a refinancing that will flatten its debt service schedule, shed its most subordinate lien and lay the groundwork for a new-money borrowing in the future. The authority

Enjoy complimentary access to top ideas and insights — selected by our editors. The 10 largest bond counsels of education issuance in the first half of 2024 accounted for $28.829 billion. McCall Parkhurst & Horton was first with $6.554 billion in 67 issues, followed by Orrick Herrington & Sutcliffe in second with $5.822 billion in

Enjoy complimentary access to top ideas and insights — selected by our editors.  The 10 largest underwriters of education issuance in the first half of 2024 accounted for $48.172 billion. BofA Securities led the top underwriters with $7.698 billion, followed by RBC Capital Markets with $6.856 billion and Jefferies with $6.276 billion. Rank Underwriter Par

Municipals were little changed Monday as the market took a breather following volatility last week and ahead of what is expected to be the last sizable new-issue slate until well after the election. U.S. Treasuries were weaker and equities saw gains. The two-year ratio Monday was at 64%, the three-year at 63%, the five-year at

Detroit and the Michigan Finance Authority last week completed a refinancing deal for bonds issued as part of the city’s bankruptcy exit.Bloomberg News The Michigan Finance Authority this month priced for the city of Detroit a $79.51 million deal to refund debt issued to pay creditors in connection with its bankruptcy settlement. Wells Fargo priced