The municipal bond market experienced its seventh straight year of positive performance in 2020, but will the progress toward recovery continue in the second half of the year? For insight, Michael Scarchilli, editor-in-chief of The Bond Buyer, sat down with PNC EVP and public finance head Rob Daily, Hilltop Securities vice chairman and head of public finance David Medanich, and City of Dallas Chief Financial Officer Elizabeth Reich for their viewpoints on the macroeconomic picture and prospects for the U.S. munis market. The panel also discusses how the first two quarters of the year have fared with additional government stimulus programs and the rollout of the COVID vaccine.
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Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.
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Southern California Edison reveals more about its potential liability in two Los Angeles fires.
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Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.
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Josh Shapiro suggested modest spending hikes — and even more modest revenue growth.
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Investors added $1.124 billion to municipal bond mutual funds in the week ending Wednesday, following $741.6 million of inflows the prior week, according to LSEG Lipper data.
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The ratings agency cited weaker than expected financial performance in fiscal 2024 and a slow anticipated recovery in coming years.
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