Munis little changed, Refinitiv Lipper’s $5.6B outflows, highest of 2022
Municipals were little changed on the day while other markets continued to react to the Fed rate hike as U.S....
Bonds
Munis sit on sidelines while USTs rally post-Fed rate hike
Municipals took a backseat as the Federal Open Market Committee announced its decision to implement a three-quarter point rate hike...
Puerto Rico governor orders gas tax moratorium
Puerto Rico Gov. Pedro Pierluisi on Tuesday ordered a 45-day moratorium on a diesel and gasoline tax, which could trim...
Muni yields rise further ahead of Fed rate hikes
Municipals were weaker amid larger losses in U.S. Treasuries while equities ended mixed as markets were quieter ahead of the...
SEC charges Rochester, New York, with fraud
The Securities and Exchange Commission has charged the City of Rochester, New York, the Rochester City School District’s former finance...
New Jersey cyberattacks spur proposed state legislation
Following a spate of cyberattacks against local government institutions in New Jersey this year, Democratic Assemblymember Shama Haider introduced legislation...
Munis swept along in selling rampage; yields rise quarter point
Municipals were hit hard Monday with a quarter-point selloff as munis could not ignore the continued U.S. Treasury selloff and...
Nassau County, New York, to auction GO bonds after rating upgrades
Fresh off two rating upgrades, Nassau County, New York, is heading into the market with a competitive sale of $241...
With higher rates, total 2022 issuance projections keep falling
Market participants are revising their supply projections downward as rising interest rates have stymied refunding and taxable volumes and overall...
As deadline looms for states, feds roll out EV charging station rules
The Biden administration this week released proposed rules for its electric vehicle charging station network program, with states facing a...
Illinois rainy day fund grows, with push expected to do more
A deposit this week into Illinois’ once barren rainy day fund brought it to $751 million with plans to bring...
New York mayor, City Council agree on $101 billion fiscal 2023 budget
New York City has an early budget for the new fiscal year, one that totals a record high $101 billion...
Muni yields rise, short USTs skyrocket after hot inflation report
Municipals saw yields rise across the curve, with the largest losses out long to end the week, while a higher-than-expected...
Puerto Rico Oversight Board pushes back on conflict of interest claims
The Puerto Rico Oversight Board is arguing that the U.S. District Court for Puerto Rico does not have subject matter...
Case Western Reserve joins century bond club amid steady uptick of rates
Cleveland-based Case Western Reserve University joined the small club of century bond higher education borrowers this week to lock in...
Short-end strength, long-end pressure steepens yield curve
The triple-A yield curve steepened further Wednesday, with municipals better on the short end and much weaker out long while...
Chicago Public Schools’ fund balance up and short term debt down
Chicago Public Schools is proposing to spend $9.5 billion in the next fiscal year after closing the books June 30...
California surplus plays role as Sacramento schools get rating outlook boost
The increase in funding to California schools from the state’s $97.5 billion surplus has helped earn Sacramento City Unified School...
Reporters’ roundtable
Transcription:Chip Barnett: (00:03)Hi, and welcome to The Bond Buyers reporters’ roundtable, an inside look from the experts at what will...
Education to benefit from New York State’s new gambling revenue stream
Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion...
MSRB to release ESG report in July
The Municipal Securities Rulemaking Board will be releasing a comprehensive summary in July of the comments it received as part...
