Bonds

<img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST

<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the

PREPA bondholders opposed to the Oversight Board’s offer say the reasons the court had given to continue the stay are no longer valid. Puerto Rico Electric Power Authority bondholders opposed to the Oversight Board’s proposed restructuring filed a motion to lift the bankruptcy’s litigation stay, which could lead to their appointing a receiver for PREPA.

<img src=”https://public.flourish.studio/visualisation/21795219/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer in spots Monday as U.S. Treasury yields fell and equities ended mixed. “Munis have been slow and steady (steady may be a stretch) for the first couple of months of the year,” said Daryl Clements, a portfolio manager at AllianceBernstein. Munis returned 0.51% in January

“Every deal team that has an issue they’re working on will spend a lot of time talking about this,” said Glenn Weinstein at Miller, Canfield, Paddock and Stone, P.L.C. and former chair of the National Association of Bond Lawyers’ Securities Law and Disclosure Committee.Glenn Weinstein Municipal market participants are beginning to ponder when and whether the threat to

Andrew Nakahata was appointed to California IBank’s second top slot.TD Securities Andrew Nakahata has been appointed chief deputy executive director and chief operating officer at the California Infrastructure and Economic Development Bank, according to the governor’s office. San Francisco-based Nakahata, who is expected to start with IBank on March 17, will leave a position as

Construction on an underpass at State Route 46, part of the California high speed rail project, which is the target of a review by the Trump administration.California High Speed Rail Authority The Trump administration said Thursday it would launch a probe into California’s long-struggling bullet train to determine whether it should rescind $4 billion in

A rendering of Brightline West, the Las Vegas-Los Angeles electric bullet train that came to market this week with $2.5 billion of unrated private activity bonds.Brightline West Brightline West, the Las Vegas-Los Angeles bullet train, hit the market Thursday with $2.5 billion of unrated private activity bonds that sported nearly double-digit yields in what’s likely to

Collapsed Interstate 40 in western North Carolina after Hurricane Helene. Gov. Josh Stein is seeking an additional $19 billion in federal aid.North Carolina Department of Transportation Reports that President Donald Trump plans to cut 84% of the staff from one of the two major federal programs providing natural disaster aid concern analysts. Previously, Trump suggested

<img src=”https://public.flourish.studio/visualisation/21753829/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of a larger new-issue calendar as U.S. Treasury yields fell and equities were down. Muni yields were bumped up to four basis points, depending on the curve, while UST yields fell eight to nine basis points across the curve. Market activity has been somewhat

“I hope the House can pass one big bill that meets President Trump’s priorities,” said Senate Budget Committee Chair Lindsey Graham, D-S.C. ”This approach provides money that we needed yesterday to continue the momentum on securing our border, enforcing our immigration laws, and rebuilding our military. Time is of the essence.”Brett Flashnick The U.S. Senate emerged

<img src=”https://public.flourish.studio/visualisation/21736765/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly firmer Thursday as the $2.5 billion Brightline West Passenger Rail Project deal priced amid a quieter new-issue market. U.S. Treasury yields fell slightly and equities were down. The two-year municipal to UST ratio Thursday was at 62%, the five-year at 63%, the 10-year at

For municipal bond investors – and investors overall – an executive order signed Tuesday by President Donald J. Trump could erode confidence that the Securities and Exchange Commission will be willing to take action against “politically favored fraudsters.” “One thing I would worry about if I was a muni investor is the possibility that the

&amp;lt;img src=”https://public.flourish.studio/visualisation/21715678/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals were little changed Wednesday as U.S. Treasuries were firmer and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 63%, the 10-year at 66% and the 30-year at 84%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services

The Texas State Capitol. The state education agency replaced the board and superintendent of the South San ntonio Independent School District. Bloomberg News The Texas Education Agency replaced the entire leadership of the South San Antonio Independent School District. The move announced on Wednesday comes after nearly two decades of dysfunction “resulting in diminished student

&lt;img src=”https://public.flourish.studio/visualisation/21697965/thumbnail” width=”100%” alt=”chart visualization” /&gt; The municipal bond market was narrowly mixed ahead of smaller supply slate, while Treasury yields rose and equity prices were marginally lower on the day. The day’s moves led municipal to UST ratios to fall slightly. The two-year municipal to UST ratio Tuesday was at 62%, the five-year at

“I have never thought that a football stadium is the way you attract a grocery store,” said Mendelson. ”When the city was considering the Nationals ballpark, we did look at the RFK site as a potential site for a baseball stadium and it was rejected. It was felt it wasn’t a good site because there wouldn’t

“Losing tax-exempt bonds would devastate American communities and set economic development efforts back decades,” said Toby Rittner, president and CEO of the Council of Development Finance Agencies. ”Communities use bonds to finance their built environment, infrastructure, schools and future growth needs. The housing industry uses bonds for affordable, senior and workforce housing. There are no alternatives

Sweetwater Union High School District broke ground in May on Castle Park High School’s football stadium. The project is funded partly by the district’s municipal bond program.Sweetwater Union High School District A San Diego-area high school district barred from market access four years ago will ride in Wednesday with a lift from a ratings upgrade

“This budget resolution provides the fiscal framework for what will be one of the most consequential pieces of legislation in modern history and the principal legislative vehicle for delivering on President Trump’s America First agenda,” House Budget Chairman Jodey Arrington, R-Texas, said.Allison Robbert/Bloomberg The House Budget Committee late Thursday passed a partisan budget resolution that clears