Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.
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Little Rock, Arkansas-based Stephens Inc. consented to FINRA's findings without admitting or denying them.
August 15
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Following last year's record volume, long-term municipal issuance is exceeding that pace through the first half of 2025.
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Rising underwriting spreads are a "flashing neon sign that the muni market is still nursing the hangover from higher rates and choppy flows," said James Pruskowski, an investor and market strategist.
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Issuance for the week of Aug. 18 remains elevated at an estimated at $6.166 billion, with $5.065 billion of negotiated deals and $1.101 billion of competitive deals on tap, according to LSEG.
August 15
President Trump's move to take over the Washington D.C. Metropolitan Police Department by deploying the National Guard is spawning a request to Congress to establish a security fund that could also be used for infrastructure improvements.
The president's authority to withhold already appropriated federal funds has been the focus of dozens of lawsuits, including from cities and states.
The grants allow governments to scan their transportation assets for potential public-private partnerships.
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.
Why more issuers are opting for the tender offer. San Francisco PUC's Nikolai Sklaroff lays it out for Bond Buyer Senior Infrastructure Reporter Caitlin Devitt.
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.
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.
An academic paper presented at the Brookings Institute's annual conference found that future wildfire risks are already having economically significant impacts on financial markets, municipal borrowing costs and vulnerable communities.
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California Sen. Dave Cortese proposed the bill as the state grapples with a shortage of affordable housing.
August 15
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Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.
August 15
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Medicaid cuts and tariffs are expected to pressure already struggling small rural and urban hospitals, including 18 in California that borrowed from the state.
August 15
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The latest inflation report — the producer price index — threw a monkey wrench into expectations for a big rate cut next month, according to some economists, may put into question any easing in September.
August 14
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Would-be underwriters of the general obligation bonds will be able to see where they've been ranked among all the bids, and to improve their bid accordingly.
August 14
