The Latest

Studies on the returns for active vs. passive securities do not definitively declare a winner. However, J.R. Rieger of the Rieger Report explains that a higher proportion of municipal active managers best their benchmarks. John Hallacy is host.

Initial claims for U.S. state unemployment benefits fell by 1,000 to 216,000 in the December 22 week, slightly above expectations for a 215,000 level.

The board's adversary proceeding has implications for both the authority’s bonds and the finances of the many Puerto Rico government entities that pay rent to the PBA.

Municipal bonds outperformed other asset classes in 2018 and it looks like the trend will continue into the new year, a trader said.

Michigan governor elect Gretchen Whitmer takes over the governor's office from term-limited Republican Rick Snyder on Jan. 1.

Ex-Morgan Stanley broker Ami Forte made national headlines after allegedly violating multiple municipal securities and other rules, the Financial Industry Regulatory Authority found.

Illinois Gov.-elect J.B. Pritkzer is tapping experienced fiscal hands for top positions in his administration.

Moody's raised the Art Institute of Chicago's rating in recognition of declining debt and stronger reserves.

A federal judge sided with the private passenger train project and tossed out a suit by Indian River County, Florida.

Municipal bond activity is light as the market is mostly in vacation mode with no major bond sales scheduled until 2019. Nervous investors continued to flock to the safety of bonds amid political developments in Washington and worries of decelerating global growth.