Midwest

The Chicago Board of Education adopted a nonbinding resolution declaring a moratorium on school closures during a heated public meeting on Thursday.

The developer of a moribund mall in Cape Girardeau is the latest to receive bond-financed support from a local government for some of the costs of its project.

"The sheer magnitude" of this redevelopment project presented a challenge, but it stands a chance of succeeding where previous efforts have fallen short, Clay County Commissioner Scott Wagner said.

Nuveen LLC reached an agreement to sell its 11% equity stake in Vistra Vision to Vistra Corp., that started as municipal bonds ensnared in a bankruptcy.

The $105 million of power project revenue refunding bonds deal for Plum Point Energy Station in Arkansas comes amid tighter emission regulations.

The Franklin County Convention Facilities Authority will issue $138.2 million of lease revenue anticipation refunding bonds to refund or redeem outstanding Build America Bonds.

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

The Indiana Budget Committee has approved $50 million in funding for bond financing that would bring water from an Indianapolis utility to the city of Lebanon.

Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.

Municipals lagged the UST moves again, cheapening ratios and creating a valuable entry point for investors looking for compelling taxable equivalent yields, particularly 10-years and out.