Bonds

Federal Reserve Governor Christopher Waller said the U.S. central bank can wait and gather more data before deciding if the economy needs further monetary restraint, signaling that he favors holding interest rates steady when officials meet in two weeks. “I believe we can wait, watch and see how the economy evolves before making definitive moves

The Oklahoma Turnpike Authority took on a tough market Tuesday when it sold $500 million of bonds in its inaugural issuance of debt for a controversial expansion program, but the issuer said the deal was met with good demand. Underwriters led by RBC Capital Markets, priced 5% coupon second senior revenue bonds, serials 2035-2043, with

The new bank probe by Texas Attorney General Ken Paxton is one of his first major actions since his return to the AG’s office after facing impeachment proceedings earlier this year. Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America and JPMorgan Chase, violate a Republican-backed state

The city of Fishers, Indiana, is planning a $170 million lease rental revenue bond sale to finance construction of an arena for a minor league hockey team, a move that sparked a downgrade to the city. The Fishers Town Hall Building Corp. is on the calendar this week to price $160 million of tax-exempt Series

Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Chip Barnett (00:04):Hi, and welcome to another edition of The Bond Buyer Podcast. I’m Chip Barnett and my guests today are Royden Durham and Tony Tanner. They’re both portfolio managers at the Aquila Group of funds, and today we’re going to

Wisconsin ended fiscal 2023 on June 30 with record-high balances of $7.07 billion for its budget and $1.8 billion in its rainy day fund, the state announced Monday. General purpose revenue tax collections totaled almost $21 billion, up 2.1% from fiscal 2022, which ended with a nearly $4.3 billion budget balance, according to a 2023

Bond bulls may have just had a fresh speed bump placed in front of them by Federal Reserve Bank of San Francisco President Mary Daly. Daly said the neutral interest rate — also known as R-star — may be higher now than it was before the pandemic, adding to the groundswell of concern the central

California and Illinois are the largest contributors to an expected $1.3 trillion in unfunded pension liabilities for the 50 states in fiscal 2023, according to a Reason Foundation study. California’s public pension systems are projected to be $245 billion short of where they need to be after 2023, the largest miss in the nation, followed

Federal Reserve Bank of Cleveland President Loretta Mester said Friday’s jobs report didn’t change her view that the labor market remains strong, and that further interest-rate hikes will depend on additional incoming data. “The inflation rate is still too high, the level of inflation remains high, but at least we’re seeing progress on it,” Mester

Connecticut Green Bank launched its eighth sale of Green Liberty Notes, seeking up to $350,000 for a state-wide small business energy loan program. The one-year notes are on sale through October 26 on Green Bank’s online platform, offered through its subsidiary CGB Green Liberty Notes LLC. They feature a 5.25% interest rate and, with buy-in

Texas’ coffers will continue to overflow, with a nearly $18.3 billion balance projected at the end of the current biennium, according to a state revenue estimate released Thursday. State Comptroller Glenn Hegar said while the legislature approved $176.28 billion in general-purpose spending for the fiscal 2024-25 biennium that began Sept. 1, his office estimates revenue

The abrupt ouster of House Speaker Kevin McCarthy and the battle for his former position now underway carry little direct or immediate effect on the municipal market, but participants agree that the repercussions tilt negative for everyone from issuers to investors and bankers. With the ink barely dry on Saturday’s continuing resolution to keep the

Bond ratings sank deeper into junk territory for financially troubled Wise Health System in Texas as it eyes closing a deal later this quarter to be acquired by a division of HCA Healthcare. S&P Global Ratings on Sept. 15 dropped its rating five notches to B-minus from BB-plus with a negative outlook due to the

Oklahoma City is looking at short-term financing for an at least $900 million arena for the National Basketball Association’s Thunder if voters approve the continuation of a one-cent sales tax for six years. The city council last week set a Dec. 12 election on the tax and approved a letter of intent with the team,

California Democratic leaders are asking the state Supreme Court to remove a business-backed measure from the November ballot that would require voter approval for any increase in state or local taxes. Senate President Pro Tempore Toni Atkins, D-San Diego and Assembly Speaker Robert Rivas, D-Hollister, filed an emergency petition with the state Supreme Court Tuesday

Californians say jobs, the economy, and inflation are the most important issues facing the state today, according to a new poll. Two out of three Californians said they expect bad economic times in the next 12 months; and that California is going in the wrong direction, according to a Public Policy Institute of California poll

A court decision on Monday cleared the way for the Oklahoma Turnpike Authority to head to the municipal market with $500 million of bonds to start financing a controversial expansion program. The Oklahoma Supreme Court, which validated the bonds Aug. 1 in a 6-3 decision, denied a petition for a rehearing requested by property owners

Billions of dollars in tax incentives are under scrutiny in Georgia this legislative offseason. In the three months since the state legislature adjourned for 2023, the General Assembly’s Joint Tax Credit Review Panel has met three times in the city of Rome to evaluate the effectiveness of wide-ranging tax incentives that have helped fuel the

Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the U.S. to avoid a recession even as the central bank raises interest rates to cool inflation. “I’ve been calling that the golden path and I think it’s possible, but there are a lot of risks and the path is long and winding,”

Oklahoma lawmakers will meet in a special session next month called by Gov. Kevin Stitt, who wants to put the state on a path to zero income taxes and proposed a trigger law related to the state’s future ability to tax certain Native Americans.   In a post on X, the message platform formerly known as Twitter,