Today In The Markets

Enjoy complimentary access to top ideas and insights — selected by our editors. The Bond Buyer announced the recipients of its annual Deal of the Year awards, marking the 23rd year it has recognized outstanding achievement in municipal finance. Winners have been named in 10 categories: one in each of The Bond Buyer’s five regional

Louisiana Gov. Jeff Landry wants to reform the tax system in what he says is an effort to strengthen the state’s economy.Bloomberg News Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution.

<img src=”https://public.flourish.studio/visualisation/20173584/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds sold off Wednesday, following U.S. Treasuries to much higher yields in a risk-on trade after a sweeping victory by former President Donald Trump and a Republican takeover of the Senate. Equities saw massive gains on the day. The red wave that took the presidency and the Senate

“We hope to act as a resource to the industry, trying to provide some additional knowledge, research findings that can help the market,” said Martin Luby, the Center on Municipal Capital Markets’ director.University of Texas at Austin The role of capital markets in financing infrastructure is the focus of a university-based center recently launched in

With former President Donald Trump taking the White House and Republicans the Senate, municipal market participants worry that GOP control of the House will usher in major tax policy changes that could hurt the market.Bloomberg Municipal market participants Wednesday digesting former President Donald Trump’s victory and the GOP takeover of the Senate were keeping their

President Biden announces new rules to eliminate lead in drinking water in Milwaukee in October. The Midwest has a disproportionate share of the nation’s lead-lined water pipes.U.S. EPA The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the

rawpixel.com / Felix/rawpixel.com – stock.adobe.com Voters appeared to approve California Propositions 2 and 4, each authorizing $10 billion of bonds, for the environment and wildfire protection, respectively, while the Los Angeles Unified School District appears on pace to receive voter approval for $9 billion of bonds. San Diego Community College District voters appeared to approve

Three-term incumbent Ohio Sen. Sherrod Brown lost his seat in a close race Tuesday night. Former President Donald Trump appeared close to re-taking the White House late Tuesday and Republicans won a majority in the Senate while the House remained too close to call. Republicans late Tuesday appeared to take control of the Senate after

Bloomberg News Vice President Kamala Harris and former President Donald Trump have both made a barrage of campaign promises on spending, taxation and trade policies that would come with hefty price tags. Those outlays could complicate the Federal Reserve’s plans for lowering interest rates. The Committee for a Responsible Federal Budget, a nonprofit organization that

<img src=”https://public.flourish.studio/visualisation/20153191/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday as market participants mostly sat on the sidelines to await the results of the election and Wednesday’s Federal Open Market Committee rates decision, both of which will likely cause volatility in the near term and have repercussions on economic and monetary policy in the longer

High growth and population shifts in some areas of the country are spiking property taxes, causing taxpayer revolts and potentially endangering funds used to support bond issuance.  “The property tax won’t win any popularity contests with homeowners, but it still has an important role to play in public finance,” said Jared Walczak, vice president of