Healthcare issuance in 2023 was lower than usual, as many issuers were still using COVID-related federal aid. The largest issuances came from the Massachusetts Development Finance Agency.
Source: LSEG
Changes in federal funding are sharpening the focus on how the states will be responding to disaster relief, running social programs and budget planning.
The defendants include many of the largest municipal bond underwriters.
The deal comes as high-yield muni investors are hungry for paper.
Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.
New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.
Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.
