The plaintiffs argue that the state's anti-ESG laws violate the First Amendment's freedom of speech rights.
State- and local-government bond yields are at the cheapest since late 2023.
High-yield muni bonds are outperforming corporate high-yield bonds so far this year,
Demand for municipal bonds is especially high in New York and California given the high income tax levies in both states.
Portfolio trading holds the promise of injecting more liquidity into the buy-and-hold market.
When one college closes, others can gain.
Muni-bond sales have hit $183 billion so far in 2024.
A supply and demand problem has emerged: There are too many colleges and not enough students.
He said his company will pay whatever the rate is.
There is a risk the securities could result in investor losses, the regulator said.