The board also said it plans to return more than $23 million in surplus operating reserves to the municipal bond industry.
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Political dysfunction is far and away the leading economic and policy concern for muni market participants, according to a new Bond Buyer infrastructure survey.
5h ago
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Introducing The Bond Buyer's newest class of Rising Stars, who will be honored at an awards dinner in Boston on Sept. 30, 2025.
August 18
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If the shutdown lingers, disruption to key economic data releases could increase market uncertainty, said Tom Kozlik of HilltopSecurities.
October 1
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For the 24th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. Nominations close on Tuesday, October 14.
September 19
The Congressional Budget Office said Tuesday that federal agencies would lose $400 million each day during a shutdown.
Pausing federal funding creates another hardship for municipalities who are also reeling from infrastructure grants being clawed back by the U.S. Department of Transportation.
Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed's 2% inflation target in the coming years.
At The Bond Buyer's Buy-Side Summit, panelists from BlackRock, Goldman Sachs, Invesco, and BAM Mutual explore how demand for customization, transparency, and active strategies is transforming the muni fund landscape.
In this panel from The Bond Buyer's July 31 Virtual Summit, "The Shifting Muni Buy-Side," experts explore how volatility, tariffs, and reduced federal support are transforming municipal credit and attracting new forms of private capital.
The top five featured in the ranking handled deals totalling more than $84 billion in par value.
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
Oppenheimer's Head of Public Finance Beth Coolidge and Columbus Auditor Megan Kilgore delve into the future of public finance and human infrastructure on a wide range of topics, from affordable housing and workforce development to public health, climate resiliency, and digital access.
As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.
The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.
This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.
Moody's cited continued liquidity improvements in the ratings lift for the northern California clean energy aggregator.
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"While the shutdown will eventually be resolved, present circumstances may catalyze tactical investment opportunities as a way to capture even more compelling yield and income opportunities," said Jeff Lipton, municipal market intelligence analyst for The Bond Buyer.
8m ago
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Four cities were ordered to halt recent tax hikes pending an investigation of whether they complied with a state law that enforces a deadline for annual audits.
21m ago
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The rating agency cited narrowing reserves and the expectation that the city will experience declining revenues next year.
2h ago
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The Baa3 rated government will now have more trouble supporting the struggling Guam Memorial Hospital, Moody's Ratings said.
4h ago
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SIFMA looks forward to "the SEC approving this rate card, and the resulting fee reductions," Leslie Norwood said.
October 1
