Bonds

The panelists will share the status update on the preparations underway and the impact on local governments and infrastructure in the City and surrounding area. Takeaways include:   Regional infrastructure projects that will come online by 2028 Risk management considerations Infrastructure in place for the Olympics, and venues under construction Other projects expected to enhance

As we approach a year since the infrastructure law passed, the discussion will center around the plans put in place to use the monies as well as what challenges and opportunities lie ahead. The discussion points will include: The rollout of IIJA   How easy/difficult has it been to receive the money from the government

A school district in the Portland, Oregon, suburbs was downgraded two notches by Moody’s Investors Service. The issuer and general obligation unlimited tax bond ratings of the Sherwood School District, formally Washington, Clackamas and Yamhill Counties School District 88J, were cut to A3 from A1, with a negative outlook assigned. The downgrade affects $302.5 million

Chief Economist Dr. Lindsey Piegza will look at the current state of the economy amid the ongoing pandemic and what it means going forward for overall growth, interest rates and monetary policy. She will cover macro-economic trends in consumer spending and investment, in addition to new monetary and fiscal policy initiatives and the potential economic

The fate of a planned 16-million-square-foot Georgia factory for electric vehicle manufacturer Rivian is in question after a judge denied validation of $15 billion in PILOT bonds planned to back its construction. The Georgia Economic Development Commission, along with the Joint Development Authority for Jasper, Morgan, Newton, and Walton counties and Rivian, negotiated an agreement

Municipal yields fell Tuesday by as much as 10 basis points out long while U.S. Treasuries were little changed and equities rallied. Triple-A yields fell four to 10 basis points across the curve amid robust secondary trading with high-grade names showing clear moves to lower yields. New York City priced $1.35 billion of exempt and

The Municipal Securities Rulemaking Board’s $45.5 million budget for FY 2023, its first balanced budget in many years, includes $22.8 million for market transparency and technology, $5 million for market structure and data and $4.3 million for market regulation following the board’s implementation of its new fee model. The board had been operating at a

The first green municipal bond was issued nearly a decade ago, but the public finance industry — and California in particular — have been working to take it to the next level. California’s Green Bond Market Development Committee plans to produce recommendations next year on both best practices for issuing green bonds and a method

Baby bond programs aren’t a panacea for generational inequality, but remain a promising tool to chip away at such problems, experts said at an event this week in New York. Tuesday’s event at the Federal Reserve Bank of New York, “Exploring Baby Bonds as a Tool to Improve Economic Security,” was organized in conjunction with

Municipals were little changed Friday to close out a month that saw triple-A yields rise more than three-quarters of a point on the front end, $7.6 billion flow out of mutual funds and issuance fall by 43%. U.S. Treasuries were weaker and equities ended in the red after a month of central bank rate hikes,

Citing sustained progress on pension funding and debt reduction, Moody’s Investors Service Friday lifted its rating outlook on New Jersey to positive from stable, while affirming its issuer and general obligation bond ratings at A2. “The positive outlook is supported by the likelihood the state will continue its current practices for managing reserves and long-term

California water and wastewater issuers count among their challenges the recurrence of drought, fundamental modification to the usage rates and patterns of enterprise services post pandemic, and significant capital requirements from a regulatory and reinvestment perspective. Issuers and other sector experts will explore the unique risks facing water and wastewater agencies and how they are

Cities and Counties have had to question long-term revenue forecasts that were based on fundamentals that may no longer be present in their post-COVID economies. This uncertainty is particularly unsettling as COVID relief funds are spent down. Issuers, their advisors, and sector professionals will discuss their view of these challenges amidst those of the broader

SOLVE Advisors, Inc., a market data platform provider for fixed income securities, has acquired fintech company Lumesis. Lumesis’ products operations and teams will be integrated into SOLVE’s existing organization. Upon integration, the Lumesis DIVER product suite will provide additional municipal asset class workflow, analytics related to price transparency, and regulatory-related solutions to SOLVE’S Market Data

Municipals were slightly weaker in spots Thursday while a more robust primary market provided distraction again as the New York Urban Development Corp. sold $1.4 billion in the competitive market. U.S. Treasuries were weaker 10 years and in, and equities sold off. Outflows from municipal bond mutual funds intensified as investors pulled $3.601 billion out

Municipals were mixed Wednesday as a large primary calendar led by deals from the Texas Water Development Board and state of Illinois took the focus away from the secondary, while outflows ramped up to $2.7 billion, the largest figure since late June. U.S. Treasuries rallied hard with yields falling up to a quarter-point and equities

Puerto Rico bankruptcy Judge Laura Taylor Swain said she would approve a three-pronged approach to advancing the more than five-year-old Puerto Rico Electric Power Authority bankruptcy with a plan confirmation due by June 2023. Swain said there should be litigation on two key issues, the development of a plan of adjustment with several versions, and

Municipal triple-A yield curves saw another round of cuts Tuesday amid elevated secondary selling pressure, pushing one-year munis to end the session above 3%. U.S. Treasuries and equities saw losses after more hawkish Fed speak and a continued global bond rout. Triple-A yields rose by as many as seven to eight basis points across the

Under the oversight of a state review board, the troubled finances of West Haven, Connecticut, are moving in the right direction, according to Moody’s Investors Service, which last week affirmed the city’s Baa3 general obligation bond rating after a two-month review. Financial mismanagement and federal corruption charges have dogged the New Haven suburb, which is

Transcription:Chip Barnett: (00:03)Hi and welcome to another Bond Buyer podcast. I’m Chip Barnett, and my guest today is John Hallacy, and he’s the founder of John Hallacy Consulting LLC. And today we’re gonna be taking a look at the state of the municipal bond market, where it is right now, and where it’s heading for