Munis vastly underperform UST rally
Municipals were flat to firmer in spots, underperforming the U.S. Treasury flight-to-safety rally while stocks ended mixed after much larger...
Bonds
Russian invasion of Ukraine magnifies risk of cyber attacks on U.S.
If Russian hackers target the U.S. as retribution for economic sanctions prompted by its invasion of Ukraine, it could mean...
Market sectors and segments pointed volume down in the Northeast
Municipal bond issuers in the Northeast sold $115 billion of debt in 2,261 deals during 2021, an 11.7% volume decline...
Fitch revises Pittsburgh’s outlook to stable from negative
Fitch Ratings on Friday revised Pittsburgh, Pennsylvania’s outlook to stable from negative and affirmed its AA-minus rating ahead of an...
Puerto Rico board rejects legislative effort to renegotiate PREPA deal
The Puerto Rico Oversight Board on Friday rejected the possibility of renegotiating the Puerto Rico Electric Power Authority debt deal...
Managers of local Illinois police pension consolidation seek delay amid litigation
The new Illinois fund set up to manage the assets of suburban Chicago and downstate police pension funds would get...
Soaring per-unit costs criticized in Los Angeles housing bond audit
Los Angeles Controller Ron Galperin gave a "still needs improvement" rating to the city’s efforts to put a $1.2 billion...
Back to losses for munis to end volatile week
Municipal triple-A yields rose three to four basis points on Friday, losing up to half the gains they made Thursday,...
Nevada doubles down on affordable housing with federal funds, bonds
Nevada has doubled down on housing efforts with a $500 million “Home Means Nevada” initiative and the dedication of the...
Munis rally on a flight-to-safety bid after Russia invaded Ukraine
Municipals rallied Thursday on a flight-to-safety bid after Russian troops invaded Ukraine, outperforming U.S. Treasuries while equities reversed major losses...
Puerto Rico board bypasses legislators, approves debt payments
The Puerto Rico Oversight Board approved a budget amendment that includes more than $9 billion for bond payments after efforts...
Munis on the sidelines amid UST, equity selloff
Municipals were mixed Wednesday even as U.S. Treasuries and equities sold off amid intensifying tensions over the Russia-Ukraine crisis. Municipal...
Munis, UST mixed while equities sell off on Ukraine concerns
Municipals were mixed on Tuesday with U.S. Treasuries providing little guidance while equities sold off on increasing concerns over Ukraine...
Missouri school mask mandate lawsuits bring rating scrutiny
A legal battle between the Missouri attorney general and dozens of school districts over mask mandates could strain ratings, S&P...
Texas slip brings Southwest bond volume below 2020’s record
Municipal bond issuers in the Southwest sold $90.8 billion of debt in 2021, down 3.2% from 2020, according to Refinitiv...
High construction costs mean headaches for infrastructure budgets
A coming tide of infrastructure money is about to smack into a sharp rise in construction costs.In Miami Beach, the...
Third short-term government funding measure headed to Biden’s desk
The government will stay open until mid-March under the latest short-term spending measure, but much of the Infrastructure Investment and...
Michigan State University tees up century bond under new trust agreement
Michigan State University got a rating outlook boost as it heads into the market with a $500 million century bond.S&P...
Fed adopts sweeping trading curbs after ethics scandal
The Federal Reserve formally adopted tough, sweeping restrictions on officials’ investing and trading, aiming to prevent a repeat of the...
Dearth of supply ‘saving grace’ for munis
Triple-A benchmark yields fell further Friday, as U.S. Treasuries were better in a continued flight-to-safety bid, while equities ended in...
Puerto Rico Oversight Board appeals treatment of eminent domain claims
The Puerto Rico Oversight Board is appealing the approved Plan of Adjustment’s treatment of up to $400 million of eminent...
