Bonds

Bondholders and the Puerto Rico Oversight Board reached a deal on the payment of Puerto Rico appropriation debt that was structured to pay 6.4% of what is owed plus some interest. The deal on Public Finance Corp. bonds was announced Wednesday on the Municipal Securities Rulemaking Board’s EMMA disclosure website. There is $1.09 billion in

As New York observes the 10th anniversary of Hurricane Sandy this week, the Army Corps of Engineers has unveiled an elaborate flood protection plan it says will protect the nation’s most urbanized area from future storm surges that are expected to become more frequent and intense. The $52.6 billion design features 12 floating storm surge

On Nov. 8, voters in Chittenden County, Vermont, will decide on a $22 million bond measure local officials say is necessary replace the area’s aging recycling plant and to future-proof its waste infrastructure. The existing plant is technologically outdated, said the board chair of the Chittenden Solid Waste District, Paul Ruess, and straining to meet new

Municipals were steady in secondary trading while the last large deal of the week, the Triborough Bridge and Tunnel Authority’s $700 million of MTA Bridges and Tunnels green bonds, priced. U.S. Treasuries saw more improvements with the 10-year falling below 4%, while equities ended mixed after gross domestic product and other economic data came in

Municipals sold off out long in secondary trading while two billion-dollar-plusnew-issues from California and the New York City Transitional Finance Authority made concessions in primary pricings. Munis continued to play catch up to the rise in U.S. Treasury yields, though taxables improved Wednesday and equities ended mixed. Municipal bond mutual funds saw more losses with

Oakland and San Francisco’s city attorneys won an appeal to have a multi-year climate change lawsuit against several oil companies heard in state court. The decision came Monday in a ruling handed down by U.S. District Judge William Alsup of San Francisco. The ruling frees the cities to sue major oil companies in California state

Munis were mixed Tuesday as the secondary took a backseat to the larger primary that began pricing, while U.S. Treasuries whipsawed into a rally as economic data signaled the Federal Reserve’s actions are cooling the economy while equities improved on better corporate earnings. Triple-A yields were little changed to weaker by a basis point or

Sen. Sherrod Brown, D-Ohio, is urging the Federal Reserve to exercise caution as it considers another interest rate increase at next week’s Federal Open Market Committee meeting. In a letter sent to Fed Chair Jerome Powell on Tuesday, Brown, who chairs the Senate Banking Committee, advised the central bank not to “lose sight” of its

Transcription: Keeley Webster (00:03):Hello, welcome to another Bond Buyer podcast. I am Keeley Webster and my guest today is Raul Amezcua, a Senior Managing Director at Ramirez & Co. Raul is a member of the California Green Bond Market Development Committee, a joint effort by the California State Treasurer’s Office, and UC Berkeley’s Environmental Center

Munis continued to see losses following Friday’s selloff as the 30-year triple-A yield topped 4%. U.S. Treasuries ended the session weaker across the curve while equities extended gains. Triple-A yields rose three to seven basis points, depending on the scale, while Treasuries saw larger losses out long. The three-year muni to UST ratio on Monday

Municipals sold off Friday with losses of up to 18 basis points, with the damage felt across the curve, and the 30-year triple-A yield closed just shy of 4%. U.S. Treasuries ended mixed after the 10-year rose to levels not seen since 2007 earlier in the session, and the reversal led to an equity rally

A shift in the municipal bond buyer base away from mutual funds might mean an uptick in borrowing costs for states and local governments and a more credit-focused investment strategy. Massive mutual fund outflows this year of around $100 billion means issuers have “lost their prime funding mechanism,” said Tom Doe, president and managing partner

Florida’s unemployment rate fell to a near record low in September, according to data released Friday by the U.S. Labor Department and the state Department of Economic Opportunity. Florida’s unemployment rate dropped to 2.5% from 2.7% in the previous month and is now the second lowest in the state’s history and the lowest since October

In May, Princeton University, a non-profit with access to the tax-exempt debt markets, chose to issue $300 million of taxable debt with a corporate CUSIP side-by-side with a traditional $300 million tax-exempt deal. That’s because the taxable corporate CUSIP bonds allowed it more flexibility with proceeds than tax-exempts do, a university official said. “The university

Federal Reserve Bank of San Francisco President Mary Daly said policymakers should start planning for a reduction in the size of interest-rate increases, though it’s not yet time to “step down” from large hikes. “It should at least be something we’re considering at this point, but the data haven’t been cooperating,” Daly said Friday in

With the University of Puerto Rico under increasing financial pressure, the full payment of its roughly $365 million in bonds appears to be under threat. The university has continued to pay debt service on its bonds since the 2016 passage of the Puerto Rico Oversight, Management, and Economic Stability Act that set up the bankruptcy

Atlanta plans to price via negotiation Tuesday $410 million of general obligation bonds to fund capital improvements across the city. On Oct. 5 Moody’s Investors Service assigned the expected issuance an Aa1 and affirmed that rating on Atlanta’s outstanding unlimited tax GO bonds. Fitch Ratings Sept. 26 affirmed its AA-plus rating and stable outlook on

Municipals were weaker as mutual fund outflows continued, while U.S. Treasuries extended their selloff and equities ended in the red. Triple-A yields rose one to three basis points, with the larger losses out long, while UST yields rose eight to 10 basis points across the curve. Muni-UST ratios fell with the three-year at 65%, the

Bondholders and insurers of Puerto Rico Electric Power Authority revenue bonds are defending what they say is their lien on the authority’s revenues. The parties filed a 73-page defense Monday in an adversary complaint in the PREPA bankruptcy on the lien issue. Their defense responds to an Oversight Board complaint submitted Oct. 3 that said

Munis were weaker Wednesday but they outperformed a U.S. Treasury selloff that pushed the 10- and 30-year to yields not seen in more than a decade. Equities ended in the red. Triple-A muni yields rose two to five basis points, depending on the scale, while USTs rose nine to 12 basis points, pushing the yields