Bonds

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

<img src=”https://public.flourish.studio/visualisation/20664459/thumbnail” width=”100%” alt=”chart visualization” /> 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

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

<img src=”https://public.flourish.studio/visualisation/20648548/thumbnail” width=”100%” alt=”chart visualization” /> 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

Michigan state and local elected leaders gathered in Lansing to urge Gov. Gretchen Whitmer and the state Senate to make the local government revenue sharing trust fund a priority. Bloomberg News Legislation to create a revenue sharing trust fund for local governments in Michigan has stalled in the state Senate, and on Tuesday, a group

<img src=”https://public.flourish.studio/visualisation/20627705/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Wednesday as the market saw another heavy slate of new issuance and inflows continued into muni mutual funds. U.S. Treasuries made gains and equities broke more records. Federal Reserve Board Chair Jerome Powell in a televised interview Wednesday said “little to alter the market’s view that

Plainwell Community Schools was among the Michigan districts to have bond measures fail in November.Plainwell Community Schools Michigan’s Plainwell Community Schools had a $39.8 million bond measure on the ballot Nov. 5, its second attempt this year to secure voter approval for capital projects in the district. The new bond had been downsized from the

<img src=”https://public.flourish.studio/visualisation/20605532/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer amid a busy new-issue calendar, as U.S. Treasury yields were slightly weaker outside of five years and equities were mixed. Muni yields were bumped one to five basis points, depending on the scale, while UST yields rose up to three basis points out long. The two-year

Texas Gov. Greg Abbott touts a state-funded education savings account program at a parent empowerment day event at the state capitol in March 2023. After the program failed to pass that year, he vowed another push in 2025 and campaigned for pro-voucher legislative candidates.Texas Governor’s Office Texas is gearing up for its 2025 legislative session

<img src=”https://public.flourish.studio/visualisation/20585986/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer to kick off December, as U.S. Treasuries were weaker and equities were mixed late in the session. Muni yields were bumped one to four basis points, depending on the scale, while UST yields rose up to five basis points on the short end, as of 3

The city of Chester, on the Pennsylvania side of the Commodore Barry bridge (shown). A battle over the Chester Water Authority continues to rage.AdobeStock The Chester Water Authority traces its origins back to 1868, when it was created as a private entity to provide water to Chester, Pennsylvania’s residents.  The Chester Water Service Company, as

House Appropriations Chair Rep. Tom Cole, R-Okla., said disaster aid may be included in a short-term government funding bill this year.Al Drago/Bloomberg News Lawmakers will return to Capitol Hill next week to wrap up the 118th Congress with must-pass government funding and national defense authorization bills and fresh disaster funds on tap. The lame-duck session ending

“Emergency relief funding is not just about repairing infrastructure, it’s about ensuring that transportation remains a critical support system for communities rebuilding after devastating natural disasters,” said Paul P. Skoutelas, APTA President and CEO. ”This funding is critical now more than ever, as climate-driven disasters increase in intensity and frequency. Congress must act swiftly to provide

Moody’s Ratings downgraded Manhattan, Kansas, bonds to A1 from Aa3 in the wake of a tardy audit and deteriorating finances. A tardy annual audit and deteriorating finances led Moody’s Ratings to downgrade the issuer and general obligation rating for Manhattan, Kansas, to A1 from Aa3 and warn the rating could be lowered further or even

&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20548015/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt; Municipals were lightly traded in a post-Thanksgiving holiday-shortened session, but the asset class held onto a firmer tone Friday following an improved U.S. Treasury market, ahead of what’s building up to be a sizable new-issue slate for the first week of the last month of 2024. Demand for paper

“By modernizing this key venue, we will not only attract more events and visitors but also stimulate local businesses and create a vibrant atmosphere in the area,” said D.C.’s Democratic Mayor Muriel Bowser. “Our agreement stipulates that at least 40% of contracts will be awarded to certified business enterprises, with an ambitious goal of reaching

&amp;lt;img src=”https://public.flourish.studio/visualisation/20514185/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Issuance fell in November year-over-year, marking the first month supply has declined in 2024, as election-related uncertainty and fewer available pricing days kept volume low. Despite this, bond volume in 2024 will break issuance records. November’s volume was at $24.743 billion in 607 issues, down 33% from $36.918 billion

Jackson Hospital engaged Allen Wilen, partner at Eisner Advisory Group, as the chief restructuring officer in early September. The defaulted issuer Jackson Hospital & Clinic of Birmingham, Alabama, is set to receive bridge loans from some of the holders of its bonds. Investors participating in talks with the hospital have agreed to loan up to

&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20515760/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Municipals were firmer Wednesday following U.S. Treasury yields lower as economic indicators sent investors the signal the Federal Reserve will likely continue on its rate-cutting path.  “While this month’s core PCE inflation, data was certainly a little higher than the Fed would like it to be, it was very

The Chicago skyline in August. Chicago is preparing to go to market with a refinancing deal that will help balance its budget.Bloomberg News A complex refinancing deal pricing next week continues Chicago’s move from scoop-and-toss practices but still front-loads savings to help balance the city’s budget. The city will issue $142.09 million of sales tax

&lt;img src=”https://public.flourish.studio/visualisation/20497288/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals improved, outperforming small losses in U.S. Treasuries Tuesday, while equities closed with the Dow and S&P 500 hitting records. The day’s moves followed the Federal Open Market Committee meeting minutes that signaled the Federal Reserve will be cautious with further policy easing. If the economy progresses as expected,

Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 issuers for housing deals accounted for $7.41 billion in 79 deals in the first half of this year. While no issuer topped $1 billion, the New York City Housing Development Corp. came close, accounting for $997.93 million of housing

&lt;img src=”https://public.flourish.studio/visualisation/20477360/thumbnail” width=”100%” alt=”chart visualization” /&gt; Muni yields fell Monday, following a U.S. Treasury rally, while equities ended up as market participants signaled their confidence in President-elect Donald Trump’s pick for U.S. Treasury Secretary. Muni yields were bumped up to seven basis points, depending on the scale, while USTs rallied up to 15, with both

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking came in at more than $9 billion, according to data from LSEG. The top 20 bond financings have a cumulative amount of more than $18 billion. Total issuance in October hit more than $56

Roosevelt & Cross CEO Charles Stavitski and President Elaine BrennanRoosevelt & Cross Charles Stavitski and Elaine Brennan have been promoted to new leadership positions at Roosevelt & Cross.  The pair, who were already members of the firm’s board of directors, have taken on more leadership duties in the past year, with new titles now formalizing

Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial

Longtime investment banker George Joseph McLiney, Jr., passed away unexpectedly at age 87 Saturday.  The founder of McLiney and Company, which was acquired by SAMCO Capital Markets in 2019, McLiney was also a devoted husband, father, grandfather and great-grandfather, an avid golfer and a successful Kansas cattleman. George McLiney, Jr. “He loved life, and that

The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20436998/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; The municipal market was lightly traded and little changed Friday ahead of the Thanksgiving-shortened week, with strong market technicals leading to more muni outperformance to U.S. Treasuries and corporates. Triple-A yields barely budged for the ninth consecutive trading session while USTs saw small losses on the short end and

&amp;lt;img src=”https://public.flourish.studio/visualisation/20420283/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; As yearend approaches, investors have traditionally turned to tax-loss harvesting to use some of their losses to offset gains. However, this year may see less of the tactic than in previous years due to the strength of the muni market. Investors use tax-loss harvesting to sell investments at a