Daniel Wiles retired from Los Angeles County in December, but continues to serve on the Municipal Securities Rulemaking Board.MSRB Daniel Wiles has lived in southern California for more than two decades, but it hasn’t altered the ingrained humility of the Minnesota native. Wiles, who retired — mostly — from a long municipal finance career at

East High School in Denver. Moody’s Ratings upgraded Denver Public Schools’ general obligation ratings ahead of an $806 million bond sale later this month.Adobe Stock Denver Public Schools will sell more than $800 million of bonds later this month, buoyed by a ratings boost from Moody’s Ratings, which cited the district’s strong management for the

John Miller joined the boutique firm First Eagle Investments in late 2023 where launched a high-yield fund that climbed to $5 billion the first year with returns of almost 12%.First Eagle First Eagle Investment’s new high-yield municipal bond fund ballooned from scratch to more than $5 billion in its first year — and generated market-beating

“The risks to the budget we are facing include stock market volatility, uncertainty around federal policy and tariffs, which could have some impact on California,” said Finance Director Joe Stephenshaw.California Department of Finance The devastating fires affecting Los Angeles took center stage Friday when California’s finance director presented Gov. Gavin Newsom’s proposed $322.2 billion budget.

<img src=”https://public.flourish.studio/visualisation/21116027/thumbnail” width=”100%” alt=”chart visualization” /> Municipals could not ignore the sharp selloff in U.S. Treasuries Friday following the hotter-than-expected jobs report as both markets saw losses across the curve. Equities also closed with large losses as more market participants expect the data to temper Federal Reserve rate cuts.  The December jobs report took a

<img src=”https://public.flourish.studio/visualisation/21101826/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady throughout most of the curve outside of small bumps on the short end while municipal bond mutual funds flipped back to inflows for the first week of the year. U.S. Treasury yields fell slightly and equities were mixed. Investors added $842.4 million to municipal bond mutual

Homes in Larchmont, in New York’s Westchester County, which received and S&P upgrade to AAA>Bloomberg News Westchester County is ringing in the new year with a new AAA rating from S&P Global Ratings.  S&P’s analysts cited growth in the county’s reserves, conservative budgeting and strong sales tax revenue as the reason for Tuesday’s upgrade from

North Carolina State Treasurer Brad Briner said his appointments to the state’s Investment Advisory Committee would improve the pension system’s growth. The North Carolina Local Government Commission approved several bond deals at its meeting Tuesday. Approved were $252 million, $90 million and $45 million of bonds for Mecklenburg County, a $200 million bond for the

<img src=”https://public.flourish.studio/visualisation/21085078/thumbnail” width=”100%” alt=”chart visualization” /> Municipals sold off Wednesday, with the largest losses out long, while U.S. Treasuries closed with small gains and equities were mixed after Fed meeting minutes showed a more cautious approach and slower pace to rate cuts. Muni yields were cut up to 12 basis points, depending on the curve,

<img src=”https://public.flourish.studio/visualisation/21069905/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed Tuesday but outperformed the U.S. Treasury market while equities closed the session in the red. Triple-A yield curves barely moved compared to the losses in USTs, which saw yields rise over the entire curve and up to eight basis points 10-years and out, pushing ratios lower.

JP Morgan is the latest major bank to quit the Net-Zero Banking Alliance. Its membership in the group led Texas to put it under review for compliance with a 2021 state law that prohibits governmental contracts with companies that “boycott” the fossil fuel industry. Bloomberg News JP Morgan announced Tuesday it is leaving the Net-Zero

The Indiana Municipal Power Agency, which owns a piece of one unit at the Gibson Station coal-fired power plant in Owensville, Indiana, returns to the bond market next week. Bloomberg News The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds next week to refund several earlier series of bonds

<img src=”https://public.flourish.studio/visualisation/21055199/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday as U.S. Treasury yields rose slightly out long and equities ended mixed. With the steady tone Monday, muni to UST ratios fell slightly. The two-year municipal to UST ratio Monday was at 65%, the five-year at 64%, the 10-year at 66% and the 30-year