A judge imposed a temporary stay on the Trump administration’s directive to pause all federal funding just minutes before the pause was set to take effect. A federal judge in the District of Columbia Tuesday blocked for a few days the Trump administration’s order late Monday to freeze the disbursement of federal funds that stunned
Bonds
<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
Dave Sanchez, director of the Office of Municipal Securities at the U.S. Securities and Exchange Commission.Donna Aberico Unregistered municipal advisory activity in the public-private partnership space as well as insufficient oversight by state and local governments of joint powers authorities they create are persistent concerns for the Securities and Exchange Commission, the director of the
<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,
“To the Republicans, the sticker price [of the reconciliation bill] is very important,” said Bobby Kogan senior director, federal budget policy at the Center for American Progress.Center for American Progress The scoring method that Republicans use to determine the price tag of their massive budget reconciliation bill could shape the threat facing the municipal bond
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;lt;img src=”https://public.flourish.studio/visualisation/21307028/thumbnail” width=”100%” alt=”chart visualization” /&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
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
The Deer Island wastewater treatment plant in Boston is owned by the Massachusetts Water Resources Authority, the largest borrower from the Massachusetts Clean Water Trust’s revolving fund.Adobe Stock The Massachusetts Clean Water Trust returned to the market on Wednesday where its triple-A green and sustainability bonds were well received. The $541 million negotiated deal is
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
“The interval fund structure is well suited to the municipal market throughout a cycle,” said Alex Petrone, Rockefeller Asset Management’s director of fixed income.Rockefeller Asset Management A trio of interval funds new to the municipal bond market underscore the growing popularity of this type of closed-end fund as managers look for alternative investments that offer
&lt;img src=”https://public.flourish.studio/visualisation/21257304/thumbnail” width=”100%” alt=”chart visualization” /&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,
Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:05):Hi everyone and welcome to the Bond Buyer Podcast, your essential resource for insights into the world of public finance and infrastructure development. I’m Mike Scarchilli,
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
Fieldman, Rolapp & Associates acquisition of G.L. Hicks deepens larger firm’s bench in healthcare finance, said Adam Bauer, Fieldman’s chief executive officer.Fieldman, Rolapp & Associates California municipal advisory powerhouse Fieldman, Rolapp & Co. started the new year with an acquisition enabling it to deepen its bench in healthcare finance. Fieldman acquired Orem, Utah-based municipal advisor
Louisiana Gov. Jeff Landry signed into law a host of tax and spending changes that ratings agencies say should address a projected deficit but whose effects bear watching.Bloomberg News Fitch Ratings, Moody’s Ratings, and S&P Global Ratings say Louisiana’s recently adopted tax changes should address what had been projected to be a $587 million or
<img src=”https://public.flourish.studio/visualisation/21211283/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer ahead of a nearly $10 billion new-issue calendar as U.S. Treasury yields rose inside 10 years and equities were up late in the session. Since the start of 2025, UST yields sold off around 20 basis points but “retraced more than half on the back of
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