Bonds

A bill to extend the sunset of a Kansas sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects is pending in the House after passing the Senate last week. Adobe Stock A Kansas bill would continue an economic development bond program that has fallen short of

The Goose Creek Correctional Center was financed with state of Alaska-backed bonds that are up for refunding.KPB Architects Kroll Bond Rating Agency upgraded Alaska’s general obligation bond rating to AA-plus from AA Tuesday. The outlook is stable. The rating agency cited the state’s ample reserves and direct liquidity available to support budgetary operations; robust natural

“House Republicans moved Congress closer to delivering on President Trump’s full America First agenda,” House Speaker Mike Johnson, R-La., said after a dramatic late Tuesday vote passing a budget resolution that advances a massive tax bill.Kent Nishimura/Bloomberg The U.S. House of Representatives late Tuesday passed a budget resolution that paves the way for a sweeping

The Federal government’s long-term budget challenges could mean dramatic changes for hospitals and health systems nationwide, derailing the post-COVID credit recovery that helped turn the healthcare sector into the fastest-growing segment of the municipal market in 2024. The House Budget Committee recently began considering legislation that would reduce spending on health programs like Medicaid by

<img src=”https://public.flourish.studio/visualisation/21815415/thumbnail” width=”100%” alt=”chart visualization” /> Midwest municipal bond volume grew in 2024, but at a rate well behind the nation’s during a record year for muni sales. Issuers in the 11-state region sold $80 billion of municipal bonds, a 14.9% increase-year-over-year, as U.S. municipal volume rose 33.1% to $512.7 billion.  “[2024] was the highest

A vehicle caught in the destruction of the Eaton Fire in Altadena, California.Bloomberg News The Pasadena Unified School District in Southern California announced plans to eliminate 151 full-time employees, including 115 teachers, as it struggles to close a budget shortfall and deal with the fallout from the Eaton Fire. The Pasadena Unified School District Board of Education

<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the

PREPA bondholders opposed to the Oversight Board’s offer say the reasons the court had given to continue the stay are no longer valid. Puerto Rico Electric Power Authority bondholders opposed to the Oversight Board’s proposed restructuring filed a motion to lift the bankruptcy’s litigation stay, which could lead to their appointing a receiver for PREPA.

“Before every new Congress, we go through the process of reassessing our priorities and updating our advocacy materials, said Jason Akers, managing partner at Foley & Judell and president of the National Association of Bond Lawyers. ”With the prospect of tax reform in 2025, we see an elevated need to speak out in support of tax-exempt

Southwest municipal bond issuance climbed 23% last year led again by Texas, where debt sales accounted for nearly 70.4% of the region’s volume.  The increase to $103.3 billion of bonds marks a big jump from 2023’s $84 billion, which was just 0.6% higher than in 2022, according to LSEG data. Bond volume in Texas set

<img src=”https://public.flourish.studio/visualisation/21795219/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer in spots Monday as U.S. Treasury yields fell and equities ended mixed. “Munis have been slow and steady (steady may be a stretch) for the first couple of months of the year,” said Daryl Clements, a portfolio manager at AllianceBernstein. Munis returned 0.51% in January

“Every deal team that has an issue they’re working on will spend a lot of time talking about this,” said Glenn Weinstein at Miller, Canfield, Paddock and Stone, P.L.C. and former chair of the National Association of Bond Lawyers’ Securities Law and Disclosure Committee.Glenn Weinstein Municipal market participants are beginning to ponder when and whether the threat to

“Ending this discriminatory treatment of tribal governments by providing them full parity with state and local governments in accessing tax-exempt bond financing will enhance job creation, generate sorely needed governmental revenue for social services, stimulate infrastructure and business development on tribal lands, and accelerate the diversification and resiliency of tribal economies, particularly in their private

Bloomberg News Residents owed $130 million after their senior living community went bankrupt are poised to suffer big losses but won’t be left empty-handed under a sale agreement approved by a New York federal court. Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island’s North Shore,

License plate scanning cameras used to collect congestion pricing tolls in New York City.Bloomberg News New York City’s toll on motorists driving into Manhattan’s busiest areas raised $48.6 million in its first month, as President Donald Trump is seeking to end the congestion pricing program just weeks after it began. The Metropolitan Transportation Authority, which

BAM benefited from “strong demand for insurance from a wide range of investors on a diverse mix of credits, which is driving very strong results,” Mike Stanton, head of strategy and communications at BAM said. Donna Alberico The amount of municipal bonds wrapped by insurance surged 29% in 2024, as demand continued to grow among market participants

“In second half of the year capital expenditures, which had slowed down or were delayed, started to pick up,” said Suzie R. Desai, managing director & sector lead for the U.S. not-for-profit healthcare group at S&P Global Ratings. “We expect that to continue into 2025 in terms of the pickup in spending and debt issuance.”Barry

“If things are clawed back, we may change our view on federal grant-secured transactions,” said Kurt Forsgren, managing director at S&P Global Ratings.S&P Global Ratings U.S. transportation bond sales increased by almost two-thirds in 2024 to $75.36 billion, as state agencies and local authorities stepped up financing for airports, toll roads and mass transportation. The

<img src=”https://public.flourish.studio/visualisation/21749593/thumbnail” width=”100%” alt=”chart visualization” /> Municipal issuers in the Northeast sold $132.3 billion of bonds in 2024, a $43 billion increase in issuance compared to 2023. Volume from the Northeast’s issuers was 47.9% higher in 2024 than 2023, the biggest growth in volume and percentage of any region, according to data from LSEG. The

Municipal bond issuance surged past the $500 billion mark to a record in 2024, as infrastructure spending needs and election-related concerns unleashed a slew of mega deals. The muni market produced $512.7 billion of debt issuance in 2024, up 33.1% from $385.1 billion in 2023, according to LSEG data. This surpasses the previous record of $484.6

<img src=”https://public.flourish.studio/visualisation/21753829/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of a larger new-issue calendar as U.S. Treasury yields fell and equities were down. Muni yields were bumped up to four basis points, depending on the curve, while UST yields fell eight to nine basis points across the curve. Market activity has been somewhat