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Legal arguments in progress as the troubled city southwest of Philadelphia nears year three of bankruptcy could have wide-ranging precedents.

Despite this week's underperformance, exempt investment-grade munis continue to outperform taxable sectors.

The longtime public finance stalwart, known for building out S&P's public finance practice and working on virtually every big public finance project of the past forty or so years, has passed away at 89.

Tourism Development Tax, sales tax, and Professional Sports Facilities tax and revenue refunding bonds were upgraded, impacting $628 million of debt.

The public-private partnership that took over four Puerto Rico toll roads following the territory's bankruptcy is gearing up to sell municipal bonds.

Conference sponsorships targeting bond firms led Mayor John Whitmire to call for a probe into actions by Controller Chris Hollins, who denied any wrongdoing.

As federal funding dries up, cites are searching for new funding sources.

A preliminary 9.3% return on investments in the year ending June 30 brought CalPERS' funded ratio to 75%, the public pension fund reported.

Mulry's career in public finance spanned nearly 40 years. He is remembered as a dedicated and generous colleague and friend.

"Buyer interest comes as forward supply is projected around $20 billion (the high water mark over the last year) while offsetting calls and maturities sit about $2 billion lower, creating a net supply surplus," said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.