Bonds

<img src=”https://public.flourish.studio/visualisation/20497288/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved, outperforming small losses in U.S. Treasuries Tuesday, while equities closed with the Dow and S&P 500 hitting records. The day’s moves followed the Federal Open Market Committee meeting minutes that signaled the Federal Reserve will be cautious with further policy easing. If the economy progresses as expected,

Bloomberg News The Securities and Exchange Commission more than doubled the number of municipal market enforcement filings in fiscal year 2024 from fiscal 2023, in a year that saw 583 total enforcement actions and a record-breaking $8.2 billion in financial remedies ordered. Despite the great sum of financial remedies, the 583 enforcement actions represent a

<img src=”https://public.flourish.studio/visualisation/20477360/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Monday, following a U.S. Treasury rally, while equities ended up as market participants signaled their confidence in President-elect Donald Trump’s pick for U.S. Treasury Secretary. Muni yields were bumped up to seven basis points, depending on the scale, while USTs rallied up to 15, with both

Congress passed the Financial Data Transparency Act of 2022 as a means of modernizing and improving the organization, readability and availability of financial information collected by certain federal agencies (i.e., the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Consumer Financial

Roosevelt & Cross CEO Charles Stavitski and President Elaine BrennanRoosevelt & Cross Charles Stavitski and Elaine Brennan have been promoted to new leadership positions at Roosevelt & Cross.  The pair, who were already members of the firm’s board of directors, have taken on more leadership duties in the past year, with new titles now formalizing

Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial

Longtime investment banker George Joseph McLiney, Jr., passed away unexpectedly at age 87 Saturday.  The founder of McLiney and Company, which was acquired by SAMCO Capital Markets in 2019, McLiney was also a devoted husband, father, grandfather and great-grandfather, an avid golfer and a successful Kansas cattleman. George McLiney, Jr. “He loved life, and that

The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down

<img src=”https://public.flourish.studio/visualisation/20436998/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market was lightly traded and little changed Friday ahead of the Thanksgiving-shortened week, with strong market technicals leading to more muni outperformance to U.S. Treasuries and corporates. Triple-A yields barely budged for the ninth consecutive trading session while USTs saw small losses on the short end and

<img src=”https://public.flourish.studio/visualisation/20420283/thumbnail” width=”100%” alt=”chart visualization” /> As yearend approaches, investors have traditionally turned to tax-loss harvesting to use some of their losses to offset gains. However, this year may see less of the tactic than in previous years due to the strength of the muni market. Investors use tax-loss harvesting to sell investments at a

<img src=”https://public.flourish.studio/visualisation/20420841/thumbnail” width=”100%” alt=”chart visualization” /> Municipal were little changed Thursday as inflows into muni mutual funds topped $1 billion. U.S. Treasury yields rose and equities closed the session up. Municipal bond mutual funds saw $1.288 billion of inflows for the week ending Wednesday, according to LSEG Lipper. That compares to $303.2 million of inflows

A rendering of the planned Calcasieu River bridge in southwest Louisiana, the state’s largest and most complex public-private partnership to date.Plenary One way to tell that the public-private partnership to replace Louisiana’s Calcasieu Bridge has gained national attention in P3 and transportation infrastructure circles? “People can actually pronounce it now the correct way,” joked Shawn

<img src=”https://public.flourish.studio/visualisation/20399114/thumbnail” width=”100%” alt=”chart visualization” /> Municipal secondary trading did little to move triple-A yield curves, outperforming a weaker U.S. Treasury market again, as the primary market took focus. Triple-A yield curves barely budged while USTs saw losses of three to four basis points across the curve. The day’s moves pushed ratios lower still. The

A new engineering and science building highlights plans for the new-money share of the University of Chicago’s award-winning deal.University of Chicago When the University of Chicago’s deal team embarked on the largest financing ever issued through the Illinois Finance Authority, the team had several goals. One was to transform the university’s capital structure; another was

&lt;img src=”https://public.flourish.studio/visualisation/20381307/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals improved Tuesday as U.S. Treasury yields fell and equities ended mixed. Triple-A muni yields were bumped one to six basis points, depending on the curve, while USTs saw small gains across the curve with the best performance out long. The secondary took a backseat to the primary market

“The deal demonstrates how smaller issuers can leverage innovative solutions to fund environmental projects at the local level,” said Justin Carl, AlexRenew’s general manager and CEO. In June, AlexRenew became the first wastewater authority in the Commonwealth of Virginia to issue green bonds with a $45.7 million deal to fund projects that provide a positive

Santa Barbara, California, will tap the municipal bond market this week, largely to fund a new police headquarters.Adobe Stock One of Southern California’s wealthy cities is tapping the municipal bond market to build a new police station and renovate an oceanfront park.  Santa Barbara — where the median home sells for roughly $2 million —

The Biden administration will continue to allocate transportation grant funds in its few remaining months before leaving office, Transportation Secretary Pete Buttigieg said. Bloomberg News The Biden administration marked Friday’s third anniversary of the Infrastructure Investment and Jobs Act by announcing $3.4 billion in fresh grants and pledging to keep the money flowing in the

Chicago’s City Hall. The City Council on Thursday soundly rejected Mayor Brandon Johnson’s proposed property tax increase, part of an effort to close a yawning fiscal 2025 budget gap.Adobe Stock The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson’s fiscal 2025 budget on Thursday, voting down a proposed $300 million property tax

 ”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.”  D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is