Bonds

“I’m concerned that we’re getting too close to a time when, without drastic cuts or a new revenue, I won’t be able to certify the next budget, even if I want to,” Houston Controller Chris Hollins told the Cty Council. Michael Dorman Houston officials raised concerns on Wednesday over a $100 million budget hit from

<img src=”https://public.flourish.studio/visualisation/21489373/thumbnail” width=”100%” alt=”chart visualization” /> Munis were firmer Wednesday, underperforming a U.S. Treasury rally in most tenors, while equities ended up. Muni yields were bumped one to eight basis points, depending on the scale, while UST yields fell three to 10 basis points, with the greatest gains out long. Tariffs and trade negotiations have

<img src=”https://public.flourish.studio/visualisation/21471238/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer as U.S. Treasury yields fell and equities rebounded. Muni yields were bumped up to three basis points, depending on the curve, while UST yields fell four to five basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 63%, the

A Federal Railroad Administration study calls for Amtrak to double the service it offers on long-distance overnight trains like this one in New Mexico.Adobe Stock Several Southwest states are eying intercity or interstate passenger trains amid the region’s continuing population boom but their fate remains in the hand of a new administration whose support for

The Transportation Corridor Agencies is executing on a multi-year strategic plan to pay down debt early.Transportation Corridor Agencies The San Joaquin Hills Transportation Corridor Agency in Orange County, California, paid off $200 million in bond debt early saving the agency approximately $203 million in future interest payments. The Transportation Corridor Agencies, which operates both the

California Treasurer Fiona Ma announced that a conduit issuer she chairs has established a $2 million zero-interest loan program to aid health facilities affected by fires in three southern California counties.California treasurer’s office The California state treasurer has launched a loan fund to aid health facilities affected by the Los Angeles-area wildfires. The $2 million

<img src=”https://public.flourish.studio/visualisation/21408585/thumbnail” width=”100%” alt=”chart visualization” /> Issuance rose in January on a year-over-year basis, as issuers came to market amid policy uncertainty and possible tax changes. January’s volume was at $35.243 billion in 486 issues, up 10.8% from $31.817 billion in 554 issues in 2024, according to LSEG data. January’s total also surpasses the 10-year

<img src=”https://public.flourish.studio/visualisation/21410664/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed, while U.S. Treasury yields rose and equity prices fell Friday after the White House announced tariffs against Mexico, Canada, and China will take effect Saturday. For the week, municipals “not only moved in sync (with Treasuries) they actually outperformed, especially in the belly of the curve,

Emergency crews work near the site of the crash of an American Airlines plane and Army helicopter on the Potomac River.Bloomberg News Two Moody’s Ratings analysts were on the American Airlines flight that collided with an Army helicopter Wednesday night in Washington, D.C., killing all aboard. Analysts Chris Collins and Melissa Nicandri were among the

Michigan’s White Lake Township, after a 2024 bond pricing was halted by a hack, is returning to the market to sell the debt.White Lake Township White Lake Township, Michigan, plans to bounce back from the hack that forced it to cancel a bond sale with new bond plans to finance construction of a civic center.

The University of Tennessee wants to be given the right to sell a wider variety of bond types. AdobeStock The University of Tennessee wants the Tennessee State School Bond Authority to grant it the right to offer bonds supported by its general operating budget rather than revenue streams. Residence halls and parking lots are the

“As issuers see our name out there, that we’re willing to put our capital commitment in play, they’re going to give us opportunities to be an underwriter more and more,” Noe Hinojosa, president of Estrada Hinojosa, said. Estrada Hinojosa Estrada Hinojosa & Co., which was acquired by Texas Regional Bank in August, is expanding its

&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21374434/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Municipals were steady to slightly weaker in spots, while U.S. Treasury yields rose a little and equities ended down after the Federal Open Market Committee, as expected, held rates steady. “Both the FOMC’s December Summary of Economic Projections and current rate futures suggest 50 basis points of additional cuts

A judge imposed a temporary stay on the Trump administration’s directive to pause all federal funding just minutes before the pause was set to take effect. A federal judge in the District of Columbia Tuesday blocked for a few days the Trump administration’s order late Monday to freeze the disbursement of federal funds that stunned

&lt;img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on

Dave Sanchez, director of the Office of Municipal Securities at the U.S. Securities and Exchange Commission.Donna Aberico Unregistered municipal advisory activity in the public-private partnership space as well as insufficient oversight by state and local governments of joint powers authorities they create are persistent concerns for the Securities and Exchange Commission, the director of the

<img src=”https://public.flourish.studio/visualisation/21344305/thumbnail” width=”100%” alt=”chart visualization” /> A new artificial intelligence model from Chinese firm DeepSeek led to a selloff in tech stocks, which, in turn, scared the broader market. In response, investors flocked to safe haven assets like municipal bonds and U.S. Treasuries. Muni yields fell five to seven basis points, depending on the scale,

“To the Republicans, the sticker price [of the reconciliation bill] is very important,” said Bobby Kogan senior director, federal budget policy at the Center for American Progress.Center for American Progress The scoring method that Republicans use to determine the price tag of their massive budget reconciliation bill could shape the threat facing the municipal bond

Warren “Bo” Daniels will lead the meeting as chair of the MSRB board. MSRB Ongoing work to potentially simplify the submission process for new issue disclosure and discussion of dealer supervisory obligations given changing work patterns will be among the topics on deck at the Municipal Securities Rulemaking Board’s upcoming quarterly board meeting. The MSRB’s

PREPA bondholders told the Puerto Rico Energy Bureau rates must be set to cover outstanding bond principal and interest. The Puerto Rico Oversight Board and bondholders of the Puerto Rico Electric Power Authority are engaged in a potentially high stakes argument over how electric rates should be set, which could profoundly impact bondholders’ recovery. The