Tag: Public finance

Munis firmer as new-issue calendar rises to $9-plus billion

Munis firmer as new-issue calendar rises to $9-plus billion

https://arizent.brightspotcdn.com/dims4/default/8366ea4/2147483647/strip/true/crop/4800x2520+0+90/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F40%2F2b%2Fd57713de4ee8b0dd9c74a7795865%2Fbb-120423-mun.jpeg Municipals were firmer Friday ahead of a large new-issue calendar, which boasts billion-dollar-plus deals from Pennsylvania and the ...

Ohio bond rating upgraded to Aaa by Moody’s

Ohio bond rating upgraded to Aaa by Moody’s

https://arizent.brightspotcdn.com/dims4/default/42e6e02/2147483647/strip/true/crop/2672x1403+0+0/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fc8%2Fd9%2Fc08c652549d69035fce547ca6624%2F394706544.jpg Moody's Investors Service Friday lifted Ohio's issuer default and general obligation ratings to triple-A based on strong financial ...

Atlantic City casino profits slide; remain above pre-pandemic levels

Atlantic City casino profits slide; remain above pre-pandemic levels

https://arizent.brightspotcdn.com/dims4/default/1fb4e87/2147483647/strip/true/crop/5000x2625+0+0/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F0d%2F5f%2F150325f04a48ba32ece54086eecc%2F368232232.jpg After a post-pandemic boom, Atlantic City's casino profits fell in the third quarter this year, New Jersey's gambling ...

Munis rally hard, UST yields fall

Munis rally hard, UST yields fall

https://arizent.brightspotcdn.com/dims4/default/53d3a33/2147483647/strip/true/crop/4800x2520+0+90/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Ffe%2F01%2F4f75da7f40ad9b2e1e4aa29e3079%2Fbb113023-ici.jpeg Municipals rallied hard in secondary trading as issuers benefited in the primary market, which saw another active day, ...

Illinois sells GO bonds into strong market, sees tight spreads

Illinois sells GO bonds into strong market, sees tight spreads

https://arizent.brightspotcdn.com/dims4/default/d3a6483/2147483647/strip/true/crop/4209x2210+0+190/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F04%2Fd9%2F326fbf5b4620b9e636732e117ec0%2Fadobestock-illinois-sign.jpeg Illinois sold the first general obligation bonds of its fiscal year into a favorable market Tuesday, seeing spreads ...

Chicago needs revenue strategy to continue ratings rise

Chicago needs revenue strategy to continue ratings rise

https://arizent.brightspotcdn.com/dims4/default/63c0927/2147483647/strip/true/crop/3235x1698+0+0/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F25%2Fdf%2F837dba834bfaae79254cc626f785%2F398347067-1.jpg Chicago's bond ratings have improved, but the city has more work to do, even after the recent passage ...

Former Sterlington, Louisiana, mayor agrees to pay $35,000 fine

Former Sterlington, Louisiana, mayor agrees to pay $35,000 fine

https://arizent.brightspotcdn.com/dims4/default/bca4b70/2147483647/strip/true/crop/357x187+0+15/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fff%2Fd8%2F01ce7ad848e39f99ee62c8534612%2Fsec-headquarters-bl.jpg Former Sterlington, Louisiana, Mayor Vern Breland has, without admitting or denying the findings, agreed to pay a $35,000 ...

Chester bankruptcy proceedings yield partial bondholder win

Chester bankruptcy proceedings yield partial bondholder win

https://arizent.brightspotcdn.com/dims4/default/efec743/2147483647/strip/true/crop/5279x2771+0+155/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fcd%2F03%2F3c50868840caa8fa74ed4ff55495%2Fchester.jpeg A bankruptcy court recently ruled for the most part in favor of Chester, Pennsylvania, bondholders in an adversary ...

Puerto Rico parties argue over bondholder suit assignment

Puerto Rico parties argue over bondholder suit assignment

https://arizent.brightspotcdn.com/dims4/default/8964815/2147483647/strip/true/crop/1440x756+0+110/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F56%2F57%2F76fdca1747c1a7b0df88858f73fd%2Fphoto-of-prepa-central-palo-seco-toa-baja-power-plant.jpg U.S. District Court Judge Laura Taylor Swain said she would hear a bondholder suit in the Puerto Rico ...

Munis firmer ahead of Thanksgiving holiday

Munis firmer ahead of Thanksgiving holiday

https://arizent.brightspotcdn.com/dims4/default/74821fc/2147483647/strip/true/crop/4800x2520+0+90/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F60%2Ff6%2Ff3c74cca4477ae200e56615c00a5%2Fbb112723-ici.jpeg A firm tone and hearty appetite from investors were evident Wednesday as the municipal market prepared for a ...

From Sunshine State to Rising Sun, Miami-Dade County visits Japan

From Sunshine State to Rising Sun, Miami-Dade County visits Japan

https://arizent.brightspotcdn.com/dims4/default/9c08bba/2147483647/strip/true/crop/712x374+0+27/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F9f%2F9e%2F333617714696b6155a9bff0f5b87%2Fbb-miami-seaport-credit-portmiami-cropped.jpg A delegation from Miami-Dade County, Florida, will visit Japan from Nov. 25 to Dec. 6 in a bid ...

Fitch revises Greater Orlando Aviation Authority’s outlook to positive

Fitch revises Greater Orlando Aviation Authority’s outlook to positive

https://arizent.brightspotcdn.com/dims4/default/84b22a1/2147483647/strip/true/crop/712x374+0+42/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F96%2F61%2Fc6386336442484954d52ca090390%2Fbb-orlando-air-adobestock-cropped.jpg Fitch Ratings revised the outlook on the Greater Orlando Aviation Authority, Florida, to positive from stable.Fitch also affirmed the AA-minus ...

Stanford research fellow launches municipal finance dashboard

Stanford research fellow launches municipal finance dashboard

https://arizent.brightspotcdn.com/dims4/default/1108d29/2147483647/strip/true/crop/1600x840+0+102/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fa9%2Fea%2Fec188893400883d7b5ab096f4c88%2Fgiesecke-o-09.jpg While pursuing his doctorate in economics at Columbia University, Oliver Giesecke came across several challenges as he was ...

A bullish view on munis settles in

A bullish view on munis settles in

https://arizent.brightspotcdn.com/dims4/default/b0fc94f/2147483647/strip/true/crop/4800x2520+0+90/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F4a%2F69%2Fa33f9b27403e9f54866699ff9beb%2Fbb-112023mun.jpeg Municipals improved Friday to close out a week of more gains despite some U.S. Treasury volatility, positioning the ...

Munis firmer, underperform USTs | Bond Buyer

Munis firmer, underperform USTs | Bond Buyer

https://arizent.brightspotcdn.com/dims4/default/14e57b0/2147483647/strip/true/crop/4800x2520+0+90/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F40%2Fc3%2F90fff6ea498482014de2998ebed4%2Fbb-111723-mun.jpeg Municipals were firmer Thursday as a billion-plus dollar deal from the New Jersey Transportation Trust Fund Authority priced ...

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