Municipal bond delinquencies declined in the third quarter, despite some dramatic outliers including Mercy Hospital’s bankruptcy filing in Iowa, and some unrated affordable housing and senior living bonds, Moody’s Investors Service said. There were only three new municipal bond defaults in the third quarter, compared to nine in the second quarter, Moody’s analysts wrote. Two

Municipals were slightly weaker in spots, U.S. Treasury yields rose while equities made gains to kick off the FOMC-driven week. While most analysts do not expect the Fed to raise rates this week, uncertainty over December looms and volatility in U.S. Treasuries continues, moves that have mostly taken municipals along for the ride to higher

The Puerto Rico Oversight Board defended its proposed supplemental disclosure statement and plan of adjustment in a court filing, and asked the judge to dismiss objections claiming the plan was unconfirmable. The board asked the United States District Court for the District of Puerto Rico to reject the challenges made in mid-October by GoldenTree Asset

Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of

Texas Sen. Ted Cruz has said he will challenge more than $5.5 billion of federal transportation grants after the U.S. Government Accountability Office agreed with him that the grant criteria should be subject to Congressional approval. The GAO on Oct. 18 issued an eight-page ruling that found that the U.S. Department of Transportation’s Multimodal discretionary

Against the backdrop of a big state-funded property tax cut and with a bond guarantee program fully back in business, Texas public school districts are asking voters for almost $18 billion of debt Nov. 7.  That accounts for the lion’s share of the $28.48 billion of bonds in 218 measures on Texas ballots, according to

Analysts are certain the Federal Open Market Committee will not increase rates at the meeting that ends Wednesday, but the December meeting is still in play for the last 25 basis point rate hike that was predicted by the panel’s Summary of Economic Projections. The final 2023 meeting remains in play, according to Tony Welch,

No one really knew what would happen when Colorado legalized marijuana. Maybe the money would transform Colorado’s schools or destroy the Mexican drug cartels. Or turn the state’s youth into potheads and embolden the illegal market.  In 2014, the year legal recreational cannabis hit the market in Colorado, the state pulled in $67 million of tax