Bonds

President-elect Donald Trump, pictured here at the December reopening of the Cathedral of Notre-Dame, has pledged to shift the country’s energy and infrastructure priorities.Nathan Laine/Bloomberg The outlook for the public infrastructure market next year is a mix of optimism and uncertainty as municipal market participants look forward to a rush of projects amid threats to

<img src=”https://public.flourish.studio/visualisation/20924481/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday ahead of the holidays as U.S. Treasury yields rose and equities were mixed. The two-year municipal to UST ratio Monday was at 64%, the five-year at 65%, the 10-year at 67% and the 30-year at 82%, according to Municipal Market Data’s 3 p.m. EST

S&P cited increasing enplanements and strong economic fundamentals in the service area as or its upgrade of Hartsfield-Jackson Atlanta International Airport.Bloomberg News S&P Global Ratings said it raised to AA from AA-minus Hartsfield-Jackson Atlanta International Airport. The outlook is stable. The upgrade affects $3.6 billion of the airport’s $4.4 billion in debt, raising the rating

&amp;lt;img src=”https://public.flourish.studio/visualisation/20893870/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals saw a stronger tone after U.S. Treasuries improved on a slightly lower-than-expected inflation print while equities made gains to close out a volatile week. “This month’s inflation print is quite benign, but does it even matter? The bottom-line is another one or two months of benign inflation prints will

The Securities and Exchange Commission filed suit against Silver Point Capital in a federal court in Connecticut on Friday.Bloomberg News The U.S. Securities and Exchange Commission charged Silver Point Capital, L.P. with breaches of nonpublic information federal laws with regards to Puerto Rico bonds. The SEC filed its case in the U.S. District Court for

Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February. The Republican on Friday lauded Wells Fargo’s move to leave the Net-Zero Banking Alliance, ending a review by his office that could have led to the bank being banned from underwriting state and local government bonds.Bloomberg News Texas Attorney General Ken Paxton

Palomar Health’s continuing financial woes caused Fitch to push its ratings further into junk territory.Palomar Health The ratings of troubled Palomar Health, an Escondido-based two-hospital system, took another hit this week, falling further down the Fitch Ratings junk scale as its financial situation worsened. In a Wednesday report, Fitch cited a “significant cyber event that

“The whole goal of the bond fund was, ‘how can we further extend economic development,’ said Craig Teamer, director of finance and special projects for the Toledo-Lucas County Port Authority. ”If you’re looking to amplify some additional investment in economic development, a bond fund could be considered, and it’s also could be a revenue stream. There

A California hospital during the pandemic in early 2021. Hospital sector recovery from COVID-19 may be turned around by Medicaid cuts under Trump, industry analysts say.Bloomberg News If President-elect Trump’s ideas for healthcare move forward, California’s budget as well its hospitals are likely to face challenges. The Golden State wouldn’t be alone, as the proposed changes

&amp;lt;img src=”https://public.flourish.studio/visualisation/20879380/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Municipals sold off Thursday, playing catch up to the U.S. Treasury’s extended rout across most of the curve. Equities ended mixed as all markets further digested macroeconomic uncertainty and volatile policy swings coming out of Washington. Muni yields rose 12 to 19 basis points, depending on the scale, while

A house with rooftop solar panels. Florida PACE Funding Agency, which finances installation of solar panels, is defending a $5 billion bond validation.Adobe Stock A Florida agency that offers PACE financing to property owners is at the center of a legal dispute that it says could catastrophically undermine the finality of all Florida bond validations.

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20863349/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals lost more ground Wednesday, but outperformed a selloff in the U.S. Treasury market, after the Federal Open Market Committee signaled fewer rate cuts on the horizon, with a likely pause in January. Equities also sold off, with the Dow Jones Industrial Average hitting a 10-day losing streak, the

“I think the update does try to capture some of the new trends and how the industry has evolved,” said Dan Aschenbach, owner of AGVP Advisory and an author of a new NFMA paper on recommended best practices in disclosure for public power agencies and utilities.Dan Aschenbach Investors in public power bonds are looking for

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as

“We think the FOMC will deliver a ‘hawkish cut,'” lowering the fed funds range to a range between 4.25% and 4.50%,” said BNP Paribas Chief U.S. Economist James Egelhof. “Chair [Jerome] Powell will likely use the press conference to open up optionality for a pause in further easing of undefined length.” The Federal Open Market

&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20820063/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were steady but with a slightly weaker tone Monday as U.S. Treasuries and equities closed the session mixed. Triple-A yields were cut up to two basis points, depending on the scale, while USTs were weaker on the short end and slightly better out long. The two-year municipal to

A view of downtown Reading, Pennsylvnia, which was in the state’s Act 47 program for distressed communities from 2009 to 2022.Adobe Stock There was a time when it seemed like a Pennsylvania city or town could stay distressed forever. Clairton, a city on the outskirts of Pittsburgh, entered the commonwealth’s distressed municipalities program in 1988,

Los Angeles Mayor Karen Bass has spent the past two weeks speaking about her administration’s achievements in her two years in office.Bloomberg News Los Angeles city leaders have some work ahead to close a $296.14 million deficit, according to a report City Administrative Officer Matt Szabo delivered to the City Council’s Budget, Finance and Innovation

&amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20783578/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;amp;amp;amp;amp;amp;gt; Municipals faced more selling pressure Friday but outperformed U.S. Treasuries ahead of a much lighter supply picture, which should buoy the asset class in the final weeks of the year. This week’s accumulated losses have pushed returns into the red for the month, but municipals are still faring better

With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates

&amp;lt;img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still