Oklahoma Treasurer Todd Russ, his office and his chief of staff were sued alleging they withheld documents related to the state’s anti-ESG law. Oklahoma Treasurer Todd Russ, his office and his chief of staff and deputy treasurer, Jordan Harvey, were sued last week by an open-records company that accused them of withholding and possibly destroying

Municipals were little changed Monday as the market took a breather following volatility last week and ahead of what is expected to be the last sizable new-issue slate until well after the election. U.S. Treasuries were weaker and equities saw gains. The two-year ratio Monday was at 64%, the three-year at 63%, the five-year at

Detroit and the Michigan Finance Authority last week completed a refinancing deal for bonds issued as part of the city’s bankruptcy exit.Bloomberg News The Michigan Finance Authority this month priced for the city of Detroit a $79.51 million deal to refund debt issued to pay creditors in connection with its bankruptcy settlement. Wells Fargo priced

Federal Reserve Bank of Cleveland President Beth Hammack said that while progress on lowering inflation had resumed in recent months, officials aren’t yet ready to declare their mission accomplished.  “We have made good progress, but inflation is still running above the FOMC’s 2% objective,” Hammack said Thursday, referring to the rate-setting Federal Open Market Committee.

Municipals improved Friday after a volatile week for the asset class, ignoring losses in U.S. Treasuries, while equities closed the week mixed. Investors will see higher yields and ratios along with a nearly $11 billion new-issue slate for the final week of the month and the last ahead of the election. Triple-A yields fell three

Record bond volume, a focus on climate, more floating-rate debt and broader integration of municipals into fixed-income markets is on the horizon for the public finance industry. Those are among the factors that will lead to market growth in 2025 and beyond, panelists at this week’s Bond Buyer California Public Finance conference said. The increase

Tom Vales, a muni bond electronic trading expert, has joined Build America Mutual’s board as an independent director. The bond insurer has seven board members, including three independent directors. Vales will succeed John White, who is retiring, according to a press release. “Tom’s career has been about making fixed-income markets more transparent and efficient,” said Seán