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Municipals were little changed Friday ahead of another large new-issue calendar. U.S. Treasury yields fell further and equities ended higher. A “relatively difficult start to the year” was expected, “as Treasury yields were too low, market participants were too optimistic about the number of rate cuts this year, and muni ratios were near their multi-year

The looming 2028 Olympics and the specter of crime took center stage at the Los Angeles County Metropolitan Transportation Authority’s state of the agency event this week. Los Angeles Mayor Karen Bass handed off the gavel and her title as Metro chair to Los Angeles County Supervisor Janice Hahn during Wednesday’s event held at Union

Officials in East St. Louis, Illinois, have sued the local police and firefighter pension boards and the state comptroller to block the use of a law allowing the comptroller to intercept state funds going to the city and redirect them to pension payments. According to the Belleville News-Democrat, the city is challenging the law’s legitimacy

Miami-Dade County will bring nearly a billion dollars of aviation revenue refunding bonds for Miami International Airport in a deal supported by growing passenger and freight demand. Pricing is preliminarily scheduled for Tuesday on $782.4 million of Series 2024A bonds subject to the Alternative Minimum Tax and $141.4 million of Series 2024B bonds not subject

Municipals were mixed in secondary trading Wednesday as the primary market took focus, led by a $1.2 billion deal in three series from the Dormitory Authority of the State of New York. U.S. Treasury yields fell slightly and equities ended up. Thursday’s consumer price index report is the “event of the week,” said Cooper Howard,

Every state in the Midwest has clean water and drinking water financing programs designed to help municipalities build infrastructure for safe water. But there are signs that those financing mechanisms may face greater strain in the years ahead.  Already, citing “historically high requests for financial assistance,” Wisconsin has capped applications to its Clean Water Fund

Municipals were little changed Tuesday outside of bumps on the front end, as U.S. Treasury yields rose slightly and equities ended mixed. The two-year muni-to-Treasury ratio Tuesday was at 65%, the three-year at 66%, the five-year at 67%, the 10-year at 66% and the 30-year at 83%, according to Refinitiv Municipal Market Data’s 3 p.m.

Timothy McGregor has joined Chicago-based Riverbend Capital Advisors as managing partner. He will oversee the shaping and execution of investment strategies as well as manage client portfolios and contribute to the firm’s business development. “Riverbend is really a firm that believes in treating each client specifically, on an individual basis, to meet their needs —

The Biden administration awarded $504 million in grants last week to a dozen tech hubs across the country to scale up the production of critical technologies and create jobs in innovative industries. The tech hubs are part of a push by the administration to accelerate domestic growth in industries such as biomanufacturing, clean energy, artificial

In November 2023, when municipal bonds for the New Terminal One project at John F. Kennedy International Airport first came to market, the project’s team invited investors to look at the construction site. The steel frame of the terminal thrust out of the dirt. Construction workers were installing utility pipes underground. The investors could hear

The Washington Metropolitan Area Transit Authority is issuing $625.4 million of second lien dedicated revenue bonds by negotiated sale July 8, which should yield an enthusiastic market response.    “As the interest on the bonds will be exempt in D.C., Maryland, and Virginia, I expect strong interest from in-state buyers,” said Patrick Luby, head of Municipals,