Bonds

<img src=”https://public.flourish.studio/visualisation/21870451/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were quiet Friday ahead of an $11 billion new-issue calendar as U.S. Treasury yields fell and equities ended up. The bond market’s attention has shifted from inflation and tariffs to economic growth issues, said BofA Global Research’s Yingchen Li and Ian Rogow. “Weak January retail sales and a

“It is totally counter-intuitive that a Republican district would be thinking about eliminating a tool that finances the very infrastructure and economic development and affordable housing in their district,” said Toby Rittner president and CEO of the Council of Development Finance Agencies. ”But this is a math game. The President wants certain things, and they have

<img src=”https://public.flourish.studio/visualisation/21869078/thumbnail” width=”100%” alt=”chart visualization” /> Issuance in February remained strong despite only ticking up slightly year-over-year. February’s volume was at $33.725 billion in 622 issues, up only 1.6% from $33.191 billion in 614 issues in 2024, according to LSEG data. While issuance in February is essentially flat, supply remains strong in 2025, said David

Bond trustee UMB Trust has hired Lighthouse Management Group to serve as a receiver for a defaulted mining project.AdobeStock A Florida mining project that defaulted on its municipal bonds was put into receivership. The United States District Court for the Middle District of Florida appointed Lighthouse Management Group, Inc., to be the receiver for the

ASA President and CEO Chris Iacovella Calling it a “unicorn regulatory body,” the American Securities Association challenged the constitutionality of the Municipal Securities Rulemaking Board in a brief filed Thursday that asks a federal appeals court to scrap an order that shortened the timeframe for reporting trades to the MSRB.  The MSRB “is a quasi-public,

<img src=”https://public.flourish.studio/visualisation/21851341/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bond issuance in the Far West region in 2024 reflected a national boom, rising 30.8% year-over-year to $98.96 billion, according to LSEG data, spurred by infrastructure spending and fear over potential changes post-election. “There was a theme for the majority of the year of people pushing out debt

Dave Sanchez has been head of the SEC Office of Municipal Securities since 2022. While Dave Sanchez, director of the Securities and Exchange Commission’s Office of Municipal Securities has repeatedly expressed concern regarding joint powers authorities, there is no certainty of following enforcement action although that risk always can be heightened in situations where bond

<img src=”https://public.flourish.studio/visualisation/21854401/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Thursday as mutual funds continued to see inflows. U.S. Treasury yields rose and equities ended down. The two-year municipal to UST ratio Thursday was at 62%, the five-year at 64%, the 10-year at 67% and the 30-year at 86%, according to Municipal Market Data’s 3

Amtrak, with a train pictured here in Chicago, is moving forward on efforts to build a high-speed bullet train in Texas. Amtrak Amtrak this week issued a Request for Qualifications announcing it’s seeking a delivery partner for a high-speed train in Texas, signaling momentum for the long-stalled project. The RFQ represents the first major step

Tennessee Gov. Bill Lee’s proposed fiscal 2026 general fund budget is 9% higher than the existing fiscal 2025 general fund budget.Bloomberg News Tennessee Gov. Bill Lee’s proposed fiscal 2026 budget includes $930 million in bonds in what may be the first of several years of increased state bonding. The bonds would be general obligation bonds

“When you go up on the Hill, the M.O. is, ‘No, we’re not, we’re not going to touch bonds,'” said Brian Egan, chief policy officer for the National Association of Bond Lawyers.  ”We heard that consistently throughout 2017 until we actually saw the bill. It’s easy to say programs are safe when you haven’t really sat

S&AdobeStock S&P Global Ratings’ view of Guam’s bonds has shifted from negative to positive. It gave a positive outlook to its BB-minus rating on Guam’s general obligation bonds, BB rating on Guam’s business privilege tax and section 30 revenue bonds, and B-plus rating on its appropriation-backed certificate of participation. The ratings action removes a negative

Dallas Police Department officers in 2022. The Dallas City Council set a goal to hire 300 police officers in the current fiscal year to comply with a voter-approved mandate to increase the police force and officer pay, which led to a negative rating outlook from Moody’s Ratings.Bloomberg News The Dallas City Council adopted a goal

Adobe Stock The Financial Industry Regulatory Authority has fined MarketAxess Corporation $90,000 for Municipal Securities Rulemaking Board rule violations including the inaccurate reporting of trade times for more than 57,000 transactions, most of which were off by just one second.  MarketAxess, which operates fixed income electronic trading platforms, submitted a letter to FINRA proposing a

“We want to continue what is working, but discontinue what isn’t working,” said Senate Committee on Environment and Public Works Chair Shelley Moore Capito, R-W. Va., as the committee takes up the next surface transportation bill. Allison Robbert/Bloomberg As Congress takes up the next surface transportation bill, lawmakers should keep in mind the importance of

Chicago alderpeople narrowly approved the issuance of $830 million of general obligation debt that Mayor Brandon Johnson says will fund infrastructure improvements.Bloomberg News Chicago’s City Council on Wednesday approved the issuance of $830 million of general obligation bonds that Mayor Brandon Johnson’s administration says will fund infrastructure projects in the capital improvement program. “I made

MTA CEO Janno Lieber speaks at a press conference in Grand Central Madison after the agency’s February board meeting.Christina Baker, The Bond Buyer The New York Metropolitan Transportation Authority is all-in on congestion pricing, despite the latest challenges to its tolling program. The agency presented new data on congestion pricing revenue at its February board

Issuers in the Southeast sold $96.74 billion of municipal bonds in 2024, up $30.47 billion from the preceding year, according to LSEG data. The region’s 46% year-over-year volume gain surpassed the nationwide 33.1% increase, which brought overall muni volume to a record $512.7 billion. The Southeast increase followed a 4.8% drop in 2023 from 2022.

&lt;img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST

Richard Ciccarone, president emeritus of Merritt Research Services.Alan Klehr Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times. Illinois is currently tied with Nevada for the latest fiscal 2023 audit.

Tucson-based University of Arizona’s ratings were downgraded a notch by Moody’s Ratings, which cited weakening operating performance and liquidity.AdobeStock Moody’s Ratings dropped the University of Arizona’s ratings a notch ahead of a bond sale, citing weakening operating performance and liquidity.  The rating agency on Tuesday downgraded the university’s issuer and system revenue bond ratings to