Finance

Fitch Ratings cut the Philadelphia-based Catholic university to BBB-minus, with a negative outlook.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

The week’s new issuance got off to a slow start on Tuesday, but the Street is flush with cash and ready to pounce as the bigger deals price on Wednesday and Thursday.

In observance of Veterans Day, the bond markets were closed on Monday.

S&P Global Ratings elevated Nevada's rating to AA-plus, two days after a Moody's upgrade.

A day after a big correction, the White House sent mixed signals on Friday setting up a possible flight-to-quality for munis next week.

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

The number of trades decreased about 16% to 2.01 million from the same quarter in 2018.

A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.

Moody's Investors Service upgraded $1.2 billion of general obligation bonds to Aa1 from Aa2.

Gov. Phil Murphy’s administration is exploring a large bond sale to fund equipment upgrades for the commuter rail and bus system.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.

The junk-rated school district revised its fiscal 2020 budget to reflect the contract that ended a teachers' strike, but long-term questions remain.

Market attention turns to the taxable sector as some the week’s biggest deals are set to hit the screens.

At an SEC Fixed Income Market Structure Committee meeting on Monday, participants suggested giving out awards to incentivize issuers to submit timely financial information.

After seeing a whopping $52 billion of new issuance in October, the new paper will continue to flood the market during the busiest week of the year.

With another fed funds rate cut in the books, munis saw a big drop in yields to close out the week and the month.

The volume boom accelerated in October, with taxables accounting for about a quarter of the supply.