News
Munis see lighter new-issue calendar, more volatility next week
3+ day, 57+ min ago (656+ words) Following a volatile week, the muni market enters the final week of May with a lighter new-issue calendar and June 1 reinvestment right around the corner amid geopolitical uncertainty and ongoing inflation concerns. It will be more of the same. "We're…...
Munis little changed, anticipating Warsh taking over Fed chair
2+ day, 23+ hour ago (500+ words) Munis were little changed on Thursday, as U. S. Treasuries ended mixed and equities closed higher. Muni yields were mostly steady, with muni yields changed only up to two basis points. UST yields cheapened by up to two basis points, with bigger…...
GFOA and SIFMA lay out federal legislation goals
3+ day, 2+ hour ago (494+ words) Top advocates for the Government Finance Officers Association and Securities Industry and Financial Markets Association said transportation and water issues are among several topics on which they are pursuing federal legislation, though the near future outlook for Congress is fairly…...
Housing bill hitting roadblocks
3+ day, 2+ hour ago (612+ words) The country's first major housing bill in thirty years took another precarious step forward as the House passed its version of the 21st Century ROAD to Housing Act, sending it back to the Senate where issues remain. "We worked closely with…...
Former Rep. Barney Frank remembered for 'profound influence' on muni market via Dodd-Frank
3+ day, 3+ hour ago (867+ words) The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said....
Federal aid for the next natural disaster could be worse than the L. A. wildfire experience
3+ day, 4+ hour ago (1089+ words) Los Angeles continues to struggle to recover from devastating wildfires, a challenge exacerbated by both slow federal aid and the looming threat of proposed Federal Emergency Management Agency reforms." Mayor Karen Bass said at a recent press briefing on her…...
Trump administration to spend $8 billion on Penn Station, announces master developer
3+ day, 4+ hour ago (505+ words) The Trump administration said Wednesday it has tapped a master developer to lead the reconstruction of New York's Penn Station a year after taking over the project from the Metropolitan Transportation Authority. Penn Transformation Partners'was chosen from among three qualified…...
South Carolina turns to tolls and public-private partnerships
3+ day, 8+ hour ago (1133+ words) South Carolina may become the latest state to enter the express toll lane boom across the Southeast under a newly inked transportation law that also opens the door to public-private partnerships. Republican Gov. Henry Mc Master Monday signed into a…...
Munis see small gains after Tuesday's selloff
3+ day, 23+ hour ago (583+ words) Munis were steady to slightly firmer on Wednesday, as the asset class saw small gains, though not large enough to completely pare losses from Tuesday's selloff. U. S. Treasuries richened and equities finished higher on hopes of a resolution to the war…...
Surface Transportation Reauthorization barreling toward markup
3+ day, 23+ hour ago (860+ words) The House Committee on Transportation and Infrastructure released its version of the surface transportation reauthorization bill'earlier this week'and scheduled a markup session for Thursday, as competing factions continue jockeying for position.' "Right now, folks are looking at it and providing…...