After peak, muni credit, ratings face economic headwinds
Municipal credit quality has reached its peak and several sectors are vulnerable to stronger economic and political headwinds that are...
Bonds
Munis follow UST rally post-weak GDP; fund inflows return
Municipals were stronger and inflows returned Thursday, following a rally in U.S. Treasuries after GDP numbers came in weaker for...
How plummeting taxable issuance has hit volume expectations
Taxable municipal issuance has plummeted this year as the shock of rising interest rates made the financing vehicle less enticing...
Munis stronger on the day amid Fed rate hike
Municipals were firmer following the Fed's decision to hike rates another 75 basis points, while U.S. Treasuries rallied on the...
Nonprofit hospitals face pressure if reconciliation bill fails
The latest version of a much-negotiated spending bill that Senate Democrats hope to pass before the end of next week...
Munis firmer ahead of FOMC decision
Municipals were firmer Tuesday ahead of the conclusion of the July Federal Open Market Committee meeting where a three-quarter point...
Chicago Fed’s Activity Index remains negative for second month
The Federal Reserve Bank of Chicago’s National Activity Index held at minus 0.19 in June, the first back-to-back negative readings...
Munis on sidelines; markets wary ahead of FOMC
Municipals were little changed Monday while U.S. Treasuries were weaker and equities were mixed near the close. With a steady...
Citi shutters muni proprietary-trading desk amid a wave of departures
Citigroup Inc.’s municipal-bond business, for decades a powerhouse in the $4 trillion market for U.S. state and city debt, has...
Port Authority of NY&NJ has billions on tap as passenger rates rise
As the U.S. airline industry appears to shake off the lingering effects of the pandemic, experts expect a rapid return...
Michigan lands Fitch upgrade as reserves and cash balances reach for new peaks
Michigan drew an upgrade from Fitch Ratings over analysts’ view that a rebuilding of reserves and cash balances along with...
Puerto Rico status act passes committee but faces new opposition
The U.S. House of Representatives Natural Resources Committee passed a binding plebiscite on Puerto Rico’s status Wednesday but immediately faced...
Arizona clawback case dismissal is latest blow struck in complex policy fight
The dismissal of Arizona Gov. Doug Ducey's lawsuit to block the Treasury Department from clawing back some pandemic relief money...
Smallest new-issue calendar of year to greet investors
Investors will be greeted Monday with the smallest new-issue calendar year-to-date ahead of the Federal Open Market Committee's July meeting...
Court says Puerto Rico bankruptcy doesn’t override eminent domain claims
The U.S. Court of Appeals for the First Circuit ruled Puerto Rico must pay $400 million eminent domain claims in...
Munis weaker out long while outflows return amid an anxious market
Municipals were weaker on the long end of the curve, largely ignoring the U.S. Treasury rally where yields fell double-digits...
Another steady session for munis as primary the focus
Municipals were steady to firmer in spots in lighter secondary trading amid an active primary while U.S. Treasuries were range-bound...
MSRB to consider time of trade disclosure at quarterly meeting
The Municipal Securities Rulemaking Board will continue its efforts to improve post-trade transparency, as it plans to discuss a potential...
Munis steady, $843M Washington GOs price
Municipals were steady to weaker in spots Tuesday as the $800-million-plus general obligation bond deal from the state of Washington...
Do fund flows affect bond issuance?
Municipal bond fund flows have a direct impact on borrowing decisions made by issuers held in the fund, argues an...
Pandemic aid did poor job of stemming state, local job losses
The nearly $1 trillion of federal pandemic aid that flowed to state and local governments over the last two years...
