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Senior Choice Inc. failed to make interest and principal payments due Oct. 31 on its $15.9 million bond issued in 2006 by the Cambria County Industrial Development Authority, according to a regulatory filing Wednesday.

Triple-A muni yields fell 10 to 14 basis points while UST saw gains of up to 16bps out long as market participants consider a potential end to Fed rate hikes.

"The big question is: who's next? I don't think UBS is the end," said a veteran sellside market participant.

Representatives from the business, academic, legal and other disciplines gathered on Capitol Hill to take aim at the many SEC rule proposals initiated under Gary Gensler's tenure.

Large reserves will insulate states against downgrades in the near future, one rating agency says.

Nevada state officials have partnered with two companies that specialize in working with charter schools to create a $100 million revolving loan fund to build schools and refund existing high-interest debt.

Municipals closed out October in the red, the third consecutive month of losses for the asset class.

Georgia Power is in search of additional capacity as economic expansion has caused demand to skyrocket. A boom in manufacturing in the Southeast has led to similar challenges in other states.

While some reliable options have emerged, market professionals remain hopeful the old advance refunding will return before the desire to bring it back loses any momentum.

A U.S. Bankruptcy Court hearing Monday will take up the university's winning bid for Mercy Hospital at last week's reopened auction.