Aashna Shah

1 week ago | bloomberg.com | Erin Hudson |Aashna Shah

Contractors carry materials during the construction of a high-speed rail project in Madera County, California, US, on Monday, March 24, 2025. The Trump administration has launched a review of California's high-speed rail project, adding to long-standing doubts about whether the venture, plagued by cost overruns and delays, will ever be completed.

1 week ago | news.bloombergtax.com | Erin Hudson |Aashna Shah

Tariffs are going to complicate state and local governments’ construction plans, and investors will be looking for more compensation to account for the uncertainty, according to Tamara Lowin of Van Eck Associates Corp. President Donald Trump’s fast-changing trade policies risk upending supply chains, making projects more costly and more time-consuming, and potentially putting the viability of some municipalities’ plans into question.

1 week ago | news.bloombergtax.com | Aashna Shah

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2 weeks ago | news.bloomberglaw.com | Aashna Shah

State and local government bonds jumped Thursday in a rebound rally, which followed three straight days of plummeting prices. Benchmark yields on top-rated municipal debt declined as much as 53 basis points on Thursday. Ten-year benchmark bonds are yielding 3.28%, nearly 52 basis points lower than where they ended Wednesday, according to data compiled by Bloomberg. That would mark the biggest one-day rally since March 2020.

2 weeks ago | bloomberg.com | Aashna Shah

(Bloomberg) -- State and local government bonds jumped Thursday in a rebound rally, which followed three straight days of plummeting prices. Benchmark yields on top-rated municipal debt declined as much as 49 basis points on Thursday. Ten-year benchmark bonds are yielding 3.32%, nearly 48 basis points lower than where they ended Wednesday, according to data compiled by Bloomberg. That would mark the biggest one-day rally since March 2020.