Bonds

<img src=”https://public.flourish.studio/visualisation/20399114/thumbnail” width=”100%” alt=”chart visualization” /> Municipal secondary trading did little to move triple-A yield curves, outperforming a weaker U.S. Treasury market again, as the primary market took focus. Triple-A yield curves barely budged while USTs saw losses of three to four basis points across the curve. The day’s moves pushed ratios lower still. The

JoAnne Carter, right, managing director and president of PFM, will succeed Dan Hartman as CEO after being unanimously appointed by the PFM Board. PFM Chief Executive Officer Dan Hartman will step down as head of the firm in April as he returns to a direct client support role. JoAnne Carter, managing director and president of

&lt;img src=”https://public.flourish.studio/visualisation/20381307/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals improved Tuesday as U.S. Treasury yields fell and equities ended mixed. Triple-A muni yields were bumped one to six basis points, depending on the curve, while USTs saw small gains across the curve with the best performance out long. The secondary took a backseat to the primary market

The Municipal Securities Rulemaking Board is soliciting applications for four positions on its board for the 2026 fiscal year. “This year the Nominating Committee is looking for one municipal advisor, one-broker-dealer, and two public representatives to join the Board,” said Katano Kasaine, MSRB board member and chair of the Nominating Committee. “We encourage qualified candidates

Santa Barbara, California, will tap the municipal bond market this week, largely to fund a new police headquarters.Adobe Stock One of Southern California’s wealthy cities is tapping the municipal bond market to build a new police station and renovate an oceanfront park.  Santa Barbara — where the median home sells for roughly $2 million —

A May aerial photo shows progress of New Terminal One construction at New York’s Kennedy airport.JFK New Terminal One The developers of New Terminal One at New York’s John F. Kennedy International Airport are in the position that any salesperson would want: they have something you can’t find anywhere else. It’s the biggest airport public-private

&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20321862/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Triple-A yield curves were little changed Friday ahead of an $8.4 billion new-issue calendar while U.S. Treasuries saw small losses across the curve and equities were in the red as mixed economic data, hawkish Fedspeak and major announcements on how President-elect Donald Trump’s new administration may take form hangs

Dallas Police Department officers in 2022. Moody’s Ratings said the negative rating outlook for Dallas reflects the expected credit impact of voter-approved Proposition U, including reducing the city’s fiscal flexibility and boosting the Police and Fire Pension System’s liability by increasing police starting salaries and the number of officers.Bloomberg News Voter approval of a Dallas

Hawaii Gov. Josh Green toured the scene of Maui wildfires in August 2023. The disaster slowed visitor growth, rating analysts said.Hawaii Governor’s Office Hawaii will head to market in early December with double-A category ratings affirmed as it prices $750 million of taxable general obligation bonds in a negotiated deal. Recovery of tourism, pivotal to

 ”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.”  D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is

Chicago’s City Hall. The City Council on Thursday soundly rejected Mayor Brandon Johnson’s proposed property tax increase, part of an effort to close a yawning fiscal 2025 budget gap.Adobe Stock The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson’s fiscal 2025 budget on Thursday, voting down a proposed $300 million property tax

The Biden administration will continue to allocate transportation grant funds in its few remaining months before leaving office, Transportation Secretary Pete Buttigieg said. Bloomberg News The Biden administration marked Friday’s third anniversary of the Infrastructure Investment and Jobs Act by announcing $3.4 billion in fresh grants and pledging to keep the money flowing in the

<img src=”https://public.flourish.studio/visualisation/20306565/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were narrowly mixed Thursday as U.S. Treasuries saw losses up front and gains out long and equities ended down. Municipal yields, while bumped or cut up to three basis points, depending on the scale, have had a relatively quiet week following the volatility post-election. However, “volatility will likely

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20299554/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; As investors have flocked to municipal exchange-traded funds in the past few years, more muni active ETFs are being launched in the space to meet more bespoke investor demands. Market participants note the shift stems from the fragmented muni market, the challenge of trying to replicate the index, and

&lt;img src=”https://public.flourish.studio/visualisation/20281438/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipal market outperformance continued Wednesday as triple-A yield curves saw an improved bias while U.S. Treasuries were mixed after inflation data threw more uncertainty over the Federal Reserve’s next moves. The October consumer price index came in as projected, but stickiness in inflation — especially with expectations that President-elect

The CHI Health Center arena and convention center complex will get bond-financed improvements Omaha’s voters approved last week.Bloomberg News Omaha voters approved six general obligation bond measures totaling $333.4 million last week. Omaha Finance Director Stephen Curtiss told The Bond Buyer the city made it clear to voters that “we have no intention of raising

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20266588/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were narrowly mixed Tuesday, ignoring larger U.S. Treasury market losses while stocks ended their breakneck pace of post-election gains to close the session down. Triple-A yield curves showed a mix of one to three basis point bumps and cuts, depending on the curve, while USTs saw losses of

New York Gov. Hochul announces the agreement on the fiscal 2024 budget Thursday night during a news conference in the Red Room at the State Capitol in Albany.Office of Gov. Kathy Hochul/Mike Groll “God forbid, if Donald Trump is elected, [congestion pricing] will never happen,” New York City Comptroller Brad Lander told The Bond Buyer

South Carolina-based assisted living developers CR Lakewood and CR Lakeside Place resolved a bond default. AdobeStock Owners of assisted and independent living retirement centers in South Carolina resolved a default on $24.5 million of bonds, according to a posting. Borrowers CR Lakewood, LLC, and CR Lakeside Place, LLC, failed to make principal payments due on

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20211105/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; Municipals rallied Friday, fully recovering the losses from Wednesday’s selloff, as U.S. Treasury yields were mixed and equities ended up. Triple-A yields fell nine to 15 basis points Friday, depending on the scale, as investors flooded back into the market after the post-election selloff and FOMC rate cut. Those

“We are very pleased to have Ari join HilltopSecurities to lead our structured finance and mortgage business,” Hilltop CEO Brad Winges said in the release. “Ari’s historical skillset and vision in the mortgage sector are key elements of why he is such an important hire for our firm.” HilltopSecurities hired Ari Kavour as executive managing