California voters consider environmental policy so important, according to a recent poll, that it could influence who they support for president. Most favor a $10 billion bond measure proposed to pay for flood control and climate resiliency projects, and the majority plan to cast their ballots for President Joe Biden in the deep blue state.

Municipals were little changed Friday ahead of another week of healthy issuance. U.S. Treasuries were weaker and equities ended down. Tax-exempts, aided by rallying USTs, are “enjoying a relatively strong start” to the second half, said Barclays strategists Mikhail Foux and Clare Pickering. Investment-grade and high-yield returns “have been remarkably similar, though — on the

An Oklahoma judge on Friday issued a permanent injunction against the enforcement of a 2022 state law that led to four investment banks being banned from underwriting municipal bonds and the targeting of other financial firms for divestment purposes.  Oklahoma County District Court Judge Sheila Stinson took the action “based upon the act being unconstitutionally

Lack of capacity at state transportation departments share some of the blame for infamously high infrastructure costs in the U.S. compared to other countries. On the other hand, procurement practices that increase competition among contractors help bring down costs, said Will Nober, an economics doctoral student at Columbia University, Zachary Liscow, a professor at Yale

Short-term munis were slightly firmer Thursday as muni mutual funds saw continued inflows and the primary market slowed. U.S. Treasuries yields rose and equities sold off. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 66%, the five-year at 68%, the 10-year at 67% and the 30-year at 83%, according to Refinitiv Municipal

State and local issuers engaging in the offer and sale of municipal securities must comply with the antifraud provisions of federal securities laws, namely Section 17(a) of the Securities Act of 1933 and Rule 10b-5 of the Securities and Exchange Commission. In that context, it is unlawful for such issuers to make any untrue statement

Municipals were little changed Wednesday as the primary market saw another busy day, led by an upsized $2.5 billion from the New York City Transitional Finance Authority and $1.3 billion from the Regents of the University of California. U.S. Treasuries were slightly firmer and equities were mixed toward the close. The two-year muni-to-Treasury ratio Wednesday

Out of the rubble of one of Michigan’s largest regional malls is set to rise a collection of shops, workplaces and homes — with the help of some municipal bonds. Sterling Heights, Michigan, plans to issue $45 million of limited tax general obligation bonds to help finance a $1.06 billion redevelopment of Lakeside Mall.  The