Municipals were slightly firmer Thursday as U.S. Treasury yields fell and equities were better to close the session. Municipal bond mutual funds saw another week of inflows as investors added $515.5 million for the week ending Wednesday after $200.3 million of inflows the week prior, according to LSEG Lipper. High-yield funds also saw inflows to
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Federal funding programs that rely on public private partnerships and championed by the Department of Transportation are pushing municipalities into hard comparisons of P3’s to traditional bond offerings.   “The amount of time that I spent on bond issuance was about twenty minutes spent signing the paperwork and maybe ten minutes with the CFO telling me
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The U.S. Department of Transportation Wednesday announced its first-ever Transportation Infrastructure Financing and Innovation Act loan for a transit-oriented development project. The loan marks the first of what’s likely to be several similar loans from the USDOT’s Build America Bureau, which supports transportation development with a variety of financing structures, including public-private partnerships and private
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Legislation that would pave the way for a Colorado bond authority to issue debt for its purchase of a hotel that inspired Stephen King’s The Shining cleared a state Senate committee this week ahead of the May 8 end of the legislative session.  The Colorado Educational and Cultural Facilities Authority (CECFA) is pursuing buying the
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The Financial Data Transparency Act’s data standards, expected as proposed rules this Summer, may seem like they will be a big step in moderninzing municipal market disclosure, but more work will be needed in order to accommodate the complexities of the muni market. That’s according to panelists at this year’s National Federation of Municipal Analysts
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ABC News weatherman Rob Marciano was fired by the Disney-owned network this week after engaging in a “heated screaming match” with one of the show’s producers that was witnessed by other staffers, according to a report. News of Marciano’s tirade, which was reported by the Daily Beast, got back to Ginger Zee, chief meteorologist for
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