President Trump is expected to focus on infrastructure in his address to Congress Tuesday amid concern that his $1 trillion 10-year plan may be sidetracked as lawmakers focus on contentious issues like repealing the affordable care act.
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell two basis points to 4.26% in the latest week from 4.28% in the previous week.
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Moody's Investors Service said it has upgraded to Aa1 from Aa2 the general obligation rating of the Vermont Municipal Bond Bank's 1988 general resolution debt.
Concurrently, Moody's has assigned an Aa1 rating to the VMBB's 2017 bonds, consisting of $30.8 million 2017 Series 1 Bonds and $5.5 million 2017 Series 2 Bonds (green bonds). more »
Senior holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds filed a motion Wednesday to become involved in a court case that pits their interests against those of the commonwealths general obligation bond holders. more »
Ohio University sports financing expert and former player agent Bob Boland sifts through the messy issue of bond financing for NFL stadiums and franchise relocation with Bond Buyer northeast regional editor Paul Burton.