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S&P Global Ratings primarily cited a "precipitous decline" in unrestricted cash to explain its triple-notch downgrade of the system.
March 4
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"Apathy and caution" were the theme of the past week, said Birch Creek strategists.
March 3
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Wisconsin will be in the market Wednesday with $253.9 million of general obligation bonds, with some proceeds funding the Blatnik Bridge replacement project.
March 3
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The Trump administration wants to shed federal office space, and bonds backed by those leases are feeling the heat.
March 3
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The $2.5 billion Brightline West and $849 million Hawaii deals stood out among the rash of issuances last month alongside the ongoing tax exemption debate.
March 3
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New York City leads the negotiated calendar with $1.4 billion of GOs, followed by the Regents of the University of California with $1.2 billion of general revenue bonds.
February 28
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Bond trustee UMB Trust has engaged Lighthouse Management Group to serve as the receiver.
February 28
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While UST yields rose up to five basis points out long Thursday, the current rally "that has taken the 30-year UST closer to where the 10-year yield traded a week ago has not impacted the same range in munis," said Kim Olsan, senior fixed income portfolio manager at NewSquare.
February 27
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It marks a major step forward for the long-stalled high-speed train project between Dallas and Houston.
February 27
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The planned fiscal 2026 increase in bonding is expected to continue for several years.
February 27
