Moody’s upgrades Louisiana to Aa2
Moody's Investors Service raised Louisiana's general obligation bonds and issuer credit rating to Aa2 from Aa3 Wednesday, citing significant progress...
Bonds
Anaheim mayor resigns amid FBI corruption investigation
Anaheim, California, Mayor Henry Sidhu has resigned amid allegations of corruption involving the city’s sale of Angel Stadium to the...
Texas retirement community operator turns to bankruptcy after default
A nonprofit Texas-based retirement community operator filed for Chapter 11 bankruptcy on Monday to deal with its troubled debt and...
Munis better but still on track for worst year on record
Municipals strengthened ahead of a light new-issue calendar, while a U.S. Treasury sell-off saw cuts up to nine basis points,...
Fed rate-hike pause in September may ‘make sense,’ Bostic says
Federal Reserve Bank of Atlanta President Raphael Bostic said policy makers could potentially pause interest-rate increases in September after hiking...
Puerto Rico Oversight Board wins one and loses one in appeals court
The Puerto Rico Oversight Board won an Appeals Court decision on its central government Plan of Adjustment but lost a...
Impact of China shutdowns still shaking out for California ports
Factory and port shutdowns in China, the Port of Oakland’s largest trading partner, were a leading factor in a double-digit...
Puerto Rico Oversight Board adopts revised PRASA fiscal plan
The Puerto Rico Aqueduct and Sewer Authority will increase rates, change water meters and take other steps to raise $1...
Municipal Forum of New York honors industry leaders
The Municipal Forum of New York honored three industry leaders and awarded a scholarship to an Urban Leadership Fellows at...
State bans on cyber ransom payments viewed favorably by Moody’s
Laws proposed or passed by several states prohibiting local governments from paying ransoms in cyberattacks are viewed as an encouraging...
Municipal yields fall, following a UST flight-to-safety bid
Municipals were better Friday after catching a bid in the secondary, finally following U.S. Treasuries in a flight-to-quality, while still...
Constructive secondary tone emerges leading to first drop in yields since April
Municipals saw an uptick in secondary activity that led to a constructive tone, pushing yields lower for the first time...
Gerald Corrigan, who gained fame as a troubleshooter for the Fed, dies
Gerald Corrigan, who spent a quarter century at the Federal Reserve, including an eight-year stint as president of the Federal...
Market volatility blunts impact of Illinois’ ratings upswing in primary outing
Illinois priced $1.64 billion of general obligation debt Wednesday at spreads on par with current trading levels that have more...
Munis mixed as Ill., NYC price; ICI reports largest outflows of 2022
Municipals were mixed in secondary trading as large general obligation bond offerings from Illinois and New York City took the...
Higher fuel costs mean bigger losses for PREPA
The Puerto Rico Electric Power Authority appears set to lose $169 million or more over the course of a quarter...
St. Louis County to price convention center bonds after a long delay
St. Louis County, Missouri, takes competitive bids Wednesday on $114 million of special obligation bonds that will provide its long-stalled...
FHN launches banking push into Midwest, extends Southwest reach
FHN Financial Capital Markets will establish its first Midwest banking presence in Chicago, led by Melanie Shaker, and put banking...
Munis sit on sidelines ahead of large GO deals
Municipals were little changed and U.S. Treasuries were mixed in what amounted to a relatively quiet day for fixed-income markets,...
New York City gets an outlook boost as it heads into bond market
New York City got some good news just as it prepares to come to market with more than $1 billion...
Fed’s Mester backs half-point rate hikes in June and July
Federal Reserve Bank of Cleveland President Loretta Mester backed raising interest rates by half percentage points at the central bank’s...
