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In a separate development, the board asked an appeals court to reconsider its PREPA decision.
June 27 -
Municipal bond mutual funds saw outflows as investors pulled $498 million from funds after $16 million of inflows the week prior, according to LSEG Lipper. High-yield funds still saw inflows.
June 27 -
Transportation Secretary Pete Buttigieg told lawmakers federal money is being dispensed roughly on schedule, though efforts to streamline certain processes are underway.
June 27 -
Passed every two years since 2016, the Water Resources Development Act of 2024 hits on many of President Biden's climate and resiliency goals.
June 27 -
Fischer was instrumental in the growth of Wilmington Trust's escrow and public finance businesses in the Northeast and the tender option bond and structured municipal businesses nationally.
June 27 -
LA Metro, which has been considering congestion pricing since 2018, said it had "looked forward to learning lessons" from New York's now paused initiative.
June 27 -
Bonds backed by hotel and restaurant bill taxes will pay for upgrades to the home of the Carolina Panthers. The team agreed to commit to the city for 15 more years.
June 27 -
David Skeel said he was proud about cutting Puerto Rico's debt and stabilizing the island's finances.
June 26 -
June supply appears to be finishing above $45 billion, the third highest monthly total in the last 10 years, said Kim Olsan, vice president of municipal bond trading at FHN Financial.
June 26 -
In 2024, variable rate (short put) issuance is up 6.4% increase year-over-year, LSEG data shows. Few expect issuance to return pre-financial crisis levels.
June 26