Bonds

Elizabeth Fleming Weber passed away Feb. 9 at age 75. A former Women in Public Finance president, Illinois Finance Authority general counsel and partner at Katten Muchin Rosenman, she left a legacy of care and consideration, colleagues said. Former Women in Public Finance President Elizabeth Fleming Weber passed away Feb. 9. She was 75. The

“The burden is on State Farm to demonstrate that interim relief is warranted under the circumstances,” California Insurance Commissioner Lara wrote in his letter. “My goal is to make sure policyholders do not have to pay more than is required.”California Insurance Commissioner’s office California Insurance Commissioner Ricardo Lara denied State Farm’s request for “emergency” rate

“The status quo allows the governor to manufacture budget numbers that support his policy agenda, rather than a consensus approach that would reflect legislative input,” Oklahoma Attorney General Gentner Drummond said.Oklahoma Attorney General’s Office Oklahoma’s fiscal 2026 general revenue fund collections are expected to dip below fiscal 2025 projections as the state considers an income

“A key credit risk for airports is financial exposure from litigation, which is generally mitigated by insurance,” said Kurt Forsgren, US Public Finance Managing Director, S&P Global Ratings. ”While safety concerns could weaken an airport’s desirability and demand over the long term, this hasn’t been observed for major US airports.”S&P Global Ratings A history of close

Scott Mitchell has been appointed CEO of InspereX after the firm experienced a banner year. Scott Mitchell, a 20-year veteran of J.P. Morgan, has joined InspereX as its CEO, succeeding former CEO John DesPrez III. “The firm just has great people, and a really unique culture, even then, and even more so now, the breadth

PREPA bondholders said if the board continues its current approach there will be years more of litigation with outcomes showing the board’s positions are “baseless.” Puerto Rico Electric Power Authority bondholders told the bankruptcy court they may challenge all Oversight Board’s advisory fees. The group of opposing bondholders, which hold or insure 61% of PREPA’s

<img src=”https://public.flourish.studio/visualisation/21638175/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer ahead of a smaller new-issue calendar, as U.S. Treasury yields fell and equities ended mixed. “A solid January employment report already halted the Treasury market rally last Friday,” while this week’s consumer price index report caused more “bear steepening” of the Treasury curve, said BofA strategists.

&lt;img src=”https://public.flourish.studio/visualisation/21620339/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were firmer Thursday, as U.S. Treasury yields rallied and equities ended up. The two-year municipal to UST ratio Thursday was at 63%, the five-year at 64%, the 10-year at 67% and the 30-year at 86%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services had

&amp;lt;img src=”https://public.flourish.studio/visualisation/21601827/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals sold off Wednesday, moving higher in sympathy with U.S. Treasuries after hotter-than-expected inflation data showed the Fed may not be able to cut rates this year. Equities ended mixed. Muni yields were cut six to 12 basis points Wednesday, depending on the curve, while UST yields rose eight

Florida Gov. Ron DeSantis’ proposed fiscal 2025-2026 budget provides no pay increases for most of the state’s workers.Bloomberg News Analysts generally see Florida Gov. Ron DeSantis’ recently proposed fiscal 2025-2026 budget as fiscally responsible, with steps to pay down the debt, reduce overall spending, and strengthen requirements for issuing new debt. The proposed budget comes

Puerto Rico Oversight Board Executive Director Robert Mujica suggested non-settling bondholders might be offered recoveries of about 4% of the principal due.Darren McGee Office of New York Gov. Kathy Hochul The Puerto Rico Oversight Board is saying it will not improve its offer to creditors of the Puerto Rico Electric Power Authority. The board will

Noble Network of Charter Schools’ Rowe-Clark Math and Science Academy campus in Chicago. The network’s recent bond sale was a success.Noble Network of Charter Schools Charter schools are a flashpoint across the nation, yet as the larger charter sector reels, particularly those with unrated credits, some remain resilient, including one Midwest charter school that went

“President Trump cannot cut federal payments approved by Congress,” said New York Attorney General Letitia James said. New York is part of two state-led lawsuits seeking to overturn the Trump administration’s aggressive federal spending cuts.Al Drago/Bloomberg A Rhode Island district court judge Monday said the Trump administration has violated his order to resume the flow of

<img src=”https://public.flourish.studio/visualisation/21560546/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Monday as U.S. Treasuries were narrowly mixed and equities ended up. Munis continued their January rally heading into the first week of the month as the asset class saw gains of 0.43%, bringing year-to-date gains to 0.94%, said Jason Wong, vice president of municipals at AmeriVet

Sen. John Cornyn, R-Texas, in 2017 led the charge to save tax-exempt private activity bonds that had been axed in an early House draft of the Tax Cuts and Jobs Act. Al Drago/Bloomberg House and Senate tax staff and members seemed receptive to the Bond Dealers of America’s plea to preserve the municipal bond tax

North Carolina Treasurer Brad Briner said addressing the state health plan’s looming defict is one of his highest priorities. The North Carolina State Health Plan Board of Trustees took a step toward a salary-based employee health insurance premium contribution system, as a way to avoid a looming $1.3 billion deficit in the government’s health plan

&amp;lt;img src=”https://public.flourish.studio/visualisation/21524058/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals were weaker out long, while U.S. Treasury yields rose and equities ended down after a mixed jobs report. Ahead of Friday’s nonfarm payrolls report, UST yields fell another eight basis points this week, making it a 33-basis-point rally from Jan. 14, said Barclays strategist Mikhail Foux. Munis had

“In Texas, resilient growth is expected to continue in 2025 at about the same pace as 2024,” Dallas Federal Reserve Vice President Labor Economist Pia Orrenius said, adding risks to the outlook include, tariffs, sharply lower immigration, and a rollback in federal government spending. Dallas Federal Reserve Job growth will continue to trend lower in

University of Louisville Hospital, which is one of the hospitals in the UofL Health system.Bloomberg News Fitch Ratings downgraded UofL Health, Inc., Kentucky’s issuer default rating and Series 2022A & 2022B revenue bonds to BBB from BBB-plus. The outlook is stable.UofL Health has $564 million in debt plus an additional $423 million in operating lease

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated