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Three-term incumbent Ohio Sen. Sherrod Brown lost his seat in a close race Tuesday night. Former President Donald Trump appeared close to re-taking the White House late Tuesday and Republicans won a majority in the Senate while the House remained too close to call. Republicans late Tuesday appeared to take control of the Senate after

rawpixel.com / Felix/rawpixel.com – stock.adobe.com Voters appeared to approve California Propositions 2 and 4, each authorizing $10 billion of bonds, for the environment and wildfire protection, respectively, while the Los Angeles Unified School District appears on pace to receive voter approval for $9 billion of bonds. San Diego Community College District voters appeared to approve

Federal Reserve Bank of Cleveland President Beth Hammack said that while progress on lowering inflation had resumed in recent months, officials aren’t yet ready to declare their mission accomplished.  “We have made good progress, but inflation is still running above the FOMC’s 2% objective,” Hammack said Thursday, referring to the rate-setting Federal Open Market Committee.

Municipals improved Friday after a volatile week for the asset class, ignoring losses in U.S. Treasuries, while equities closed the week mixed. Investors will see higher yields and ratios along with a nearly $11 billion new-issue slate for the final week of the month and the last ahead of the election. Triple-A yields fell three

State and local governments in the West, Southwest and Southeast are leading the pack in economic growth as some analysts are seeing good times for the municipal bond market.  “We’ve had $40 billion monthly in new issue calendars for the last seven months in 2024,” said Tom Schuette, senior vice president and investment grade credit

Municipals saw gains Thursday, ending four consecutive trading sessions of rising yields. U.S. Treasuries improved and equities ended mixed. Municipal yields fell up to seven basis points, depending on the scale, while UST yields fell one to five basis points. Muni-UST ratios fell slightly. The two-year ratio Thursday was at 66%, the three-year at 65%,

Shreveport, Louisiana, was downgraded by Moody’s Ratings.Adobe Stock Shreveport, Louisiana, was downgraded to Baa2 from Baa1 Wednesday by Moody’s Ratings. The agency maintains a negative outlook on the rating. The downgrade of Shreveport’s issuer, general obligation and senior revenue ratings will affect $2.1 billion in debt when the city completes the anticipated $88 million Series

Houston Controller Chris Hollins’ investor conference took place Tuesday without the  participation of key city officials after Mayor John Whitmore raised “pay-to-play” concerns about corporate sponsorships for the event and requested a city probe. Hollins countered on Tuesday, calling on the Houston inspector general’s office to also investigate corporate sponsorships for the mayor’s Sept. 17

Municipals extended their selloff with the largest losses on the short end amid another busy day in the primary market, led by an upsized JFK Airport Terminal 6 Redevelopment Project deal. U.S. Treasuries were little changed and equities ended mixed. Triple-A yields rose three to 12 basis points, playing some catch up after recent outperformance.