Vermont receives outlook boost after passing state pension changes
Major pension legislation was cited as Vermont's rating outlook was raised to stable from negative by S&P Global Ratings.In a...
Bonds
Congressional inaction rattling muni issuers
Congress hasn't gotten around to enacting a PAYGO waiver for the American Rescue Plan, which is causing concern from a...
Feds greenlight Maryland toll lane P3
Federal authorities Thursday gave final environmental approval to Maryland's plan to add four toll lanes to the Capital Beltway.Gov. Larry...
Former Stifel banker James Cervantes appointed chair of CalHFA board
Former Stifel banker James Cervantes was appointed chair of the California Housing Finance Agency's board of directors by Gov. Gavin...
WAPA CEO expects to repay pension contributions over time
U.S. Virgin Islands Water and Power Authority CEO Andrew Smith said he expects a court will order WAPA to repay...
UBS withdraws from a Texas city’s bond deal after landing on ‘boycotter’ list
UBS voluntarily resigned as a co-manager from a Texas city bond issue that priced this week in the wake of...
Munis steady, USTs mixed after Fed Chair Powell’s Jackson Hole speech
Municipals were steady Friday, while U.S. Treasuries were mixed and equities sold off in the aftermath of Federal Reserve Chair...
New York decongestant: Road pricing plan may help MTA’s bottom line
The New York Metropolitan Transportation Authority is running out of money as federal aid declines and many riders have not...
Munis are mixed; mutual fund outflows intensify
Municipals were mixed Thursday as the market took a breather ahead of Fed Chair Jerome Powell's Jackson Hole speech, while...
Regulatory changes sparking organizational efforts
Regulatory proposals are driving more broker-dealer firms, particularly minority-owned ones, to join national lobbying efforts.Mike Nicholas, the chief executive officer...
Long-end pressured, NY TFAs price
Long-end munis were much weaker Wednesday while a large new-issue from the New York City Transitional Finance Authority took focus...
Kashkari says ‘very clear’ Fed needs to tighten monetary policy
Federal Reserve Bank of Minneapolis President Neel Kashkari said U.S. inflation is very high and the central bank must act...
Market digests large airport, transportation credits amid weaker tone
Municipals were a touch weaker Tuesday, but the focus was on a large new-issue day with airport revenue bonds from...
Chicago O’Hare heads into market on upgrade tailwinds
Chicago-owned O'Hare International Airport heads into the market next week with $1.77 billion of across-the-board A-plus-rated paper after two upgrades.The...
Munis on track for more losses in August
The tone for munis was mixed Monday as they mostly ignored broader weakness in U.S. Treasuries while equities sold off...
Summers urges Fed to deliver stark message on economic pain
Former Treasury Secretary Lawrence Summers called on the Federal Reserve to deliver a clear message saying it will need to...
Construction prices likely to remain high, posing risks for cities, states
Cities and states facing elevated construction costs face an unappetizing menu of choices ranging from more borrowing to delaying projects,...
K-12 long-term debt reaches highest level on record
Long-term education debt reached its highest levels on record in 2020, the most recent data sample available, reaching $505 billion.That's...
Kansas tees up first utility securitization for 2021 winter storm costs
A deluge of ratepayer-backed utility debt in the wake of 2021's Winter Storm Uri continues with a Kansas regulator approving...
One-year muni rises 50-plus bps in a week, pushing short ratios higher
Municipals closed out the week with more weakness with yields rising up to 10 basis points on the short end...
New Jersey gets an S&P outlook boost to positive
S&P Global Ratings Friday revised its outlook to positive from stable on New Jersey general obligation bonds.The rating agency highlighted...
