Bonds

<img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still

“The Committee will hit the ground running in 2025,” said current and future Chairman Sam Graves, R- Mo. ”Our work will include working with President Trump to advance his infrastructure priorities, developing the next long-term surface transportation reauthorization, and reprioritizing policies that are consistent with the core purpose of infrastructure .U.S. House of Representatives The future of

<img src=”https://public.flourish.studio/visualisation/20783578/thumbnail” width=”100%” alt=”chart visualization” /> Municipals faced more selling pressure Friday but outperformed U.S. Treasuries ahead of a much lighter supply picture, which should buoy the asset class in the final weeks of the year. This week’s accumulated losses have pushed returns into the red for the month, but municipals are still faring better

Los Angeles Mayor Karen Bass has spent the past two weeks speaking about her administration’s achievements in her two years in office.Bloomberg News Los Angeles city leaders have some work ahead to close a $296.14 million deficit, according to a report City Administrative Officer Matt Szabo delivered to the City Council’s Budget, Finance and Innovation

With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates

Orlando Health senior vice president of finance John Miller said offering the bonds in one state rather than two states will save his company bond counsel and other fees. The Orange County, Florida, Health Facilities Authority will offer $1.4 billion of hospital revenue bonds for Orlando Health the week of January 13. OCHFA will sell

U.S. District Judge Laura Taylor Swain ordered further mediation in the PREPA bankrputcy despite mediators’ insistence it was pointless. U.S. District Judge Laura Taylor Swain ordered Puerto Rico Electric Power Authority parties to return to mediation despite the mediators’ determination further talks would be fruitless. The mediators shared their views in a Monday court filing,

U.S. seaports generally enjoy strong financial metrics that would help offset headwinds from potential tariffs, said Jeff Devine, Municipal Research Analyst at GW&K Investment Management.GW&K Investment Management Investors in U.S. seaports aren’t worried — yet — about fallout from tariffs threatened by President-elect Donald Trump although shifts in trade policy combined with a potential labor

<img src=”https://public.flourish.studio/visualisation/20748106/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch weaker in spots Wednesday, as U.S. Treasury yields rose and equities ended mixed after an inflation print aligned with expectations. A consumer price index that pretty much met expectations, but showed inflation remains sticky, should not deter the Federal Open Market Committee by cutting 25

Lighthouse at Montauk Point. Long Island. NewYorkMishella/Getty Images/iStockphoto Moody’s Ratings upgraded Suffolk County, New York, two notches citing the county’s improved fiscal position, sales tax growth and operational oversight.  Moody’s is the third rating agency to upgrade Suffolk this year, after Fitch Ratings and S&P Global Ratings upgraded the Long Island county. The county plans

<img src=”https://public.flourish.studio/visualisation/20727385/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly weaker Tuesday as investors digested a large amount of new-issuance against the backdrop of a weaker U.S. Treasury market while equities were mixed. Muni yields were cut up to two basis points, depending on the scale, while UST yields rose by one to two basis points

&amp;lt;img src=”https://public.flourish.studio/visualisation/20705605/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipal bonds were little changed to a touch weaker in spots as investors shifted their focus to the larger new-issue slate ahead while U.S. Treasuries saw losses along the curve and equities closed the session in the red. Municipal yield curves were mostly little changed to weaker by a

Palomar Health’s steep operating losses call into question the solvency of the healthcare district.Palomar Health Palomar Health, an Escondido-based two-hospital system, which was downgraded by Moody’s Ratings to junk in October, has reported a $165 million operating loss for the fiscal year ended June 30. Palomar Health is the largest public health care district in

Massive fires burning in northern California and Oregon in September blanketed San Francisco with smoke.Bloomberg News Wildfire resilience projects became the first beneficiary of California’s Climate Catalyst Revolving Fund — created as part of a larger package of ESG-related efforts by Gov. Gavin Newsom in 2019. The state’s Infrastructure and Economic Bank, charged with running

Kevin Bain, formerly Detroit’s director of strategy, has joined Public Sector Consultants. Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance. The nonpartisan public policy consulting firm’s reputation and history of innovation in the green bank space drew him

“A lot of the strategists and pundits who petitioned Senators and Congressmen on our behalf for the municipal market have their hair on fire, worried that the exemption is going to go away,” said Eric Kazatsky, head of Municipal Strategy for Bloomberg Intelligence. ”It’s not as easy as just saying with the stroke of the pen

University of Idaho President Scott Green has been a driving force behind plans to acquire the online University of Phoenix.University of Idaho The University of Idaho’s plans to acquire the online University of Phoenix for $685 million hit another speed bump: the state Supreme Court overturned a lower court’s support for the plan. The university

&amp;amp;amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20664459/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;amp;amp;gt; Municipal bond yields fell Friday following U.S. Treasuries’ gains after improved jobs data affirmed the Federal Reserve’s expected December rate cut path, while equities were mixed ahead of the close. “Financial markets are now pricing in a cut at this month’s [Federal Open Market Committee] meeting and two more

The St. Petersburg, Florida, City Council approved bonds to help pay for a new stadium for the Tampa Bay Rays.Bloomberg News The Tampa Bay Rays moved a step closer to a new stadium, as the St. Petersburg, Florida, City Council voted 4 to 3 Thursday to approve $333.5 million in bonds for that project and

&lt;img src=”https://public.flourish.studio/visualisation/20648548/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipal bonds were little changed in secondary trading as the focus shifted to the primary market amid several large deals while municipal bond mutual fund inflows topped $1 billion. U.S. Treasuries were mixed and equities ended in the red. Lipper reported fund inflows of $1.154 billion for the week