Bonds

Connecticut Gov. Ned Lamont’s administration has consistently borrowed less than its capacity over the years.Bloomberg News Connecticut is poised to ramp up transportation borrowing in the coming years, according to its most recent fiscal accountability report. “What we want to do is take advantage of the federal resources that are available to make some long-term,

<img src=”https://public.flourish.studio/visualisation/20664459/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bond yields fell Friday following U.S. Treasuries’ gains after improved jobs data affirmed the Federal Reserve’s expected December rate cut path, while equities were mixed ahead of the close. “Financial markets are now pricing in a cut at this month’s [Federal Open Market Committee] meeting and two more

University of Idaho President Scott Green has been a driving force behind plans to acquire the online University of Phoenix.University of Idaho The University of Idaho’s plans to acquire the online University of Phoenix for $685 million hit another speed bump: the state Supreme Court overturned a lower court’s support for the plan. The university

The St. Petersburg, Florida, City Council approved bonds to help pay for a new stadium for the Tampa Bay Rays.Bloomberg News The Tampa Bay Rays moved a step closer to a new stadium, as the St. Petersburg, Florida, City Council voted 4 to 3 Thursday to approve $333.5 million in bonds for that project and

Kevin Bain, formerly Detroit’s director of strategy, has joined Public Sector Consultants. Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance. The nonpartisan public policy consulting firm’s reputation and history of innovation in the green bank space drew him

“A lot of the strategists and pundits who petitioned Senators and Congressmen on our behalf for the municipal market have their hair on fire, worried that the exemption is going to go away,” said Eric Kazatsky, head of Municipal Strategy for Bloomberg Intelligence. ”It’s not as easy as just saying with the stroke of the pen

Massive fires burning in northern California and Oregon in September blanketed San Francisco with smoke.Bloomberg News Wildfire resilience projects became the first beneficiary of California’s Climate Catalyst Revolving Fund — created as part of a larger package of ESG-related efforts by Gov. Gavin Newsom in 2019. The state’s Infrastructure and Economic Bank, charged with running

<img src=”https://public.flourish.studio/visualisation/20648548/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds were little changed in secondary trading as the focus shifted to the primary market amid several large deals while municipal bond mutual fund inflows topped $1 billion. U.S. Treasuries were mixed and equities ended in the red. Lipper reported fund inflows of $1.154 billion for the week

Longtime Washtenaw County, Michigan treasurer Catherine McClary, who died Dec. 2, was well-known in Midwest public finance circles for her activism and ability to pilot innovative policies later adopted by other counties.Washtenaw County, Mich. Longtime Washtenaw County, Michigan treasurer Catherine McClary was remembered this week as a trailblazer, role model and prominent voice for social

<img src=”https://public.flourish.studio/visualisation/20627705/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Wednesday as the market saw another heavy slate of new issuance and inflows continued into muni mutual funds. U.S. Treasuries made gains and equities broke more records. Federal Reserve Board Chair Jerome Powell in a televised interview Wednesday said “little to alter the market’s view that

Chicago will go to market Thursday with a refinancing that will help close its 2024 budget gap in the midst of heated negotiations over the 2025 budget.Bloomberg News RBC Capital Markets will price for Chicago $806 million of bonds on Thursday, a refinancing that will help close the city’s fiscal 2024 budget gap.  The city

Brightline won The Bond Buyer’s 23rd annual Deal of the Year award for its $3.2 billion recapitalization that represents a transformative moment in U.S. infrastructure financing.  As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, restructured

Texas Gov. Greg Abbott touts a state-funded education savings account program at a parent empowerment day event at the state capitol in March 2023. After the program failed to pass that year, he vowed another push in 2025 and campaigned for pro-voucher legislative candidates.Texas Governor’s Office Texas is gearing up for its 2025 legislative session

<img src=”https://public.flourish.studio/visualisation/20585986/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer to kick off December, as U.S. Treasuries were weaker and equities were mixed late in the session. Muni yields were bumped one to four basis points, depending on the scale, while UST yields rose up to five basis points on the short end, as of 3

The city of Chester, on the Pennsylvania side of the Commodore Barry bridge (shown). A battle over the Chester Water Authority continues to rage.AdobeStock The Chester Water Authority traces its origins back to 1868, when it was created as a private entity to provide water to Chester, Pennsylvania’s residents.  The Chester Water Service Company, as

&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20548015/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt; Municipals were lightly traded in a post-Thanksgiving holiday-shortened session, but the asset class held onto a firmer tone Friday following an improved U.S. Treasury market, ahead of what’s building up to be a sizable new-issue slate for the first week of the last month of 2024. Demand for paper

&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20515760/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Municipals were firmer Wednesday following U.S. Treasury yields lower as economic indicators sent investors the signal the Federal Reserve will likely continue on its rate-cutting path.  “While this month’s core PCE inflation, data was certainly a little higher than the Fed would like it to be, it was very

Jackson Hospital engaged Allen Wilen, partner at Eisner Advisory Group, as the chief restructuring officer in early September. The defaulted issuer Jackson Hospital & Clinic of Birmingham, Alabama, is set to receive bridge loans from some of the holders of its bonds. Investors participating in talks with the hospital have agreed to loan up to

&amp;lt;img src=”https://public.flourish.studio/visualisation/20514185/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Issuance fell in November year-over-year, marking the first month supply has declined in 2024, as election-related uncertainty and fewer available pricing days kept volume low. Despite this, bond volume in 2024 will break issuance records. November’s volume was at $24.743 billion in 607 issues, down 33% from $36.918 billion

“By modernizing this key venue, we will not only attract more events and visitors but also stimulate local businesses and create a vibrant atmosphere in the area,” said D.C.’s Democratic Mayor Muriel Bowser. “Our agreement stipulates that at least 40% of contracts will be awarded to certified business enterprises, with an ambitious goal of reaching