Duration will determine impact of gas prices on transportation credits
As gas prices hit a fresh record high Friday, some analysts wonder when they will begin to impact the credit...
Bonds
Illinois rating momentum carries transit and universities along
Illinois’ rosier near-term fiscal landscape and state bond rating momentum helped lift the ratings of public transit agencies and the...
California budget revise lays groundwork for tax rebate battle
California Gov. Gavin Newsom rolled out an $18 billion inflation-relief package during his May budget revision that included $400 rebates...
UST weakness, more selling pressure pushes muni yields higher
A reversal of U.S. Treasuries added more selling pressure on municipals Friday with another day of cheaper trading in the...
Advocate Aurora and Atrium plan multi-state hospital merger
Illinois-based Advocate Aurora Health and North Carolina-based Atrium Health plan to merge, which would create the fifth largest not-for-profit health...
Munis mixed amid inflation-fueled volatility in UST, equities
Municipals were mixed Thursday as the last of largest new-issues priced in the primary led by the Port Authority of...
Illinois stadium agency wins back one investment grade rating
S&P Global Ratings lifted the Illinois Sports Facilities Authority out from junk territory, upgrading the authority to BBB-minus from BB-plus.The...
PRASA sees revenues grow in 1H fiscal 2022
The Puerto Rico Aqueduct and Sewer Authority pulled in 4.5% more revenues in the first half of its fiscal year...
Primary takes focus; steady tone for munis
Municipal triple-A yield curves were steady Tuesday while the focus was on the primary, which kicked into gear with several...
Fossil fuel ‘boycott’ law cited as underwriters dropped from Texas deal
The implementation process for a Texas law aimed at financial company “boycotts” of the fossil fuel industry led a state...
Fed warns of worsening market liquidity in stability report
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets amid rising risks from the war in Ukraine,...
Los Angeles port weathering China lockdowns well
The Port of Los Angeles notched its second busiest April in its history even as COVID-19 lockdowns continued in parts...
Chicago eyes gambling jackpot as it makes pick for casino license
Chicago Mayor Lori Lightfoot chose Bally’s Corporation from the three short-listed candidates to hold the city’s first casino license, with...
California lawmakers urged to release bond funds for state’s rail project
A coalition of former transportation officials, advocates and union leaders wrote a letter to California Assembly Speaker Anthony Rendon and...
Munis see selling pressure, climbing yields, to close out first week of May
Municipals were weaker amid more selling pressure to close out the week, U.S. Treasury yields rose with the 10-year sitting...
S&P action gives Illinois a trifecta of upgrades
S&P Global Ratings raised Illinois’ ratings by one notch Friday.The action completes a round of upgrades that rewarded the state...
Jefferies tapped to lead $3.4B Texas natural gas securitization deal
The Texas Natural Gas Securitization Finance Corporation on Friday picked Jefferies to lead a team of underwriters for its upcoming...
Treasury silent as bond, housing advocates search for clues on new tax policy
A drumbeat of criticism is building over a proposed global tax regime that may hurt demand for tax-exempt debt and...
Wisconsin’s Erdman heading to municipal advisory firm after July ‘retirement’
Wisconsin Capital Finance Director David Erdman will retire in July after a 32-year career with the state, the last seven...
Infrastructure funds target wildfires as muni market scrutiny grows
Yuba Water Agency officials say it’s only sheer luck that's kept its 313,000-acre watershed in California’s Central Valley from burning.Several...
Munis mixed, USTs rally on short end after half-point rate hike
Municipals were mixed as participants mostly sat on sidelines while U.S. Treasuries rallied on the short end after the Fed...
