Bonds

A restaurant damaged by Hurricane Milton in St. Pete Beach, Florida, in October.Bloomberg News The recovery of Florida, North Carolina, and Tennessee local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling. Many localities and public utilities are emerging from the storms’ aftermaths financially hit

<img src=”https://public.flourish.studio/visualisation/21374434/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly weaker in spots, while U.S. Treasury yields rose a little and equities ended down after the Federal Open Market Committee, as expected, held rates steady. “Both the FOMC’s December Summary of Economic Projections and current rate futures suggest 50 basis points of additional cuts

Minnesota Gov. Tim Walz’s $887 million state bonding plan includes $10 million for removal of the Rapidan Dam after its partial failure in 2024.Office of Gov. Tim Walz Minnesota Gov. Tim Walz and North Dakota Gov. Kelly Armstrong have both proposed hundreds of millions in bonding as the Midwest’s governors begin rolling out state budget

<img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on

“The assumption that FEMA is there protects every credit,” said Sarah Sullivant from S&P Global Ratings.S&P Global Ratings President Donald Trump signed an executive order Sunday establishing a task force to evaluate the Federal Emergency Management Agency as he floated the idea of abolishing a department that many in the municipal bond market consider key to

<img src=”https://public.flourish.studio/visualisation/21344305/thumbnail” width=”100%” alt=”chart visualization” /> A new artificial intelligence model from Chinese firm DeepSeek led to a selloff in tech stocks, which, in turn, scared the broader market. In response, investors flocked to safe haven assets like municipal bonds and U.S. Treasuries. Muni yields fell five to seven basis points, depending on the scale,

KBRA downgraded Chicago’s GO bonds to A-minus on Friday. The outlook is negative. Bloomberg News Kroll Bond Rating Agency downgraded Chicago’s general obligation bonds to A-minus from A on Friday. KBRA said the move reflects the city’s “extremely limited” options for raising new recurring revenues or materially cutting operating expenditures. It said those conditions will

PREPA bondholders told the Puerto Rico Energy Bureau rates must be set to cover outstanding bond principal and interest. The Puerto Rico Oversight Board and bondholders of the Puerto Rico Electric Power Authority are engaged in a potentially high stakes argument over how electric rates should be set, which could profoundly impact bondholders’ recovery. The

Warren “Bo” Daniels will lead the meeting as chair of the MSRB board. MSRB Ongoing work to potentially simplify the submission process for new issue disclosure and discussion of dealer supervisory obligations given changing work patterns will be among the topics on deck at the Municipal Securities Rulemaking Board’s upcoming quarterly board meeting. The MSRB’s

Nevada Gov. Joe Lombardo sparked a budget firestorm ahead of the legislative session by proposing a budget with a deficit and naming a new budget chief. Nevada Gov. Joe Lombardo replaced his budget chief just days before Nevada lawmakers convene on Feb. 3 for their regular legislative session, where they will discuss the governor’s budget

Hans Hanf, former head of municipal markets at BAM, was remembered by friends and colleagues. Hans Hanf, former head of municipal markets at BAM, whose career in municipal finance spanned nearly half a century, died on Jan. 22.  He was 76. Hanf’s friends and colleagues remembered him as someone who could effortlessly bring people together.

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21307028/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were steady Friday as U.S. Treasury yields fell slightly and equities ended lower. The 10-basis-point-plus UST rally in the week of Jan. 13 led to slightly more attractive muni-UST ratios as munis lagged, but not for long, said Barclays strategist Mikhail Foux. While UST yields were stable the

Chicago’s City Hall, where Mayor Brandon Johnson negotiated a 2025 budget that Moody’s called credit neutral but which drew a downgrade from S&P Bloomberg News Chicago plans to sell roughly $830 million of general obligation bonds to help finance its 2024-28 capital improvement plan, according to the city’s finance team. The bond sale was announced

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21290760/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were weaker Thursday as the primary market slowed and muni mutual funds saw inflows top $2 billion. U.S. Treasuries saw yields rise five years and out and equities ended mixed. The two-year municipal to UST ratio Thursday was at 64%, the five-year at 64%, the 10-year at 66%

&lt;img src=”https://public.flourish.studio/visualisation/21273943/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were firmer Wednesday as the primary market picked up, led by the $2 billion retail pricing from the Regents of the University of California in the negotiated market and a $1.2 billion deal from the state of Washington in four series in the competitive market. U.S. Treasury yields

The Texas House and Senate unveiled their budget plans for the fiscal 2026-27 biennium.Bloomberg News The Republican-controlled Texas House and Senate on Wednesday unveiled base budget plans for the upcoming biennium with both chambers proposing to continue funding and expand a massive property tax cut enacted in 2023. Armed with a record $39.4 billion cash

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking came in at more than $7 billion, according to data from LSEG. The top 20 bonds had a total issuance volume of more than $15 billion. Scroll through to see which bond financings are

&amp;lt;img src=”https://public.flourish.studio/visualisation/21257304/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals were firmer Tuesday as U.S. Treasury yields fell and equities ended up. Muni yields were bumped one to four basis points, depending on the scale, while UST yields fell up to seven basis points out long. As the last third of January progresses, munis are in the red,

Advisors to municipal bond issuers and borrowers, as well as rating agencies for municipal bonds, want to know that local governments and public agencies are on top of their financial and organizational management. Data-driven initiatives are one component to help monitor the goings-on of public agencies that help communicate what is and isn’t going in

MSRB Chair Warren “Bo” Daniels.MSRB The Municipal Securities Rulemaking Board Thursday announced the members of its 2025 advisory groups, including those tapped for a new group that will focus on the intersection of technological innovation and municipal securities market regulation.  The advisory groups include a cross section of muni market experts who will provide insights