Finance

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

Attention in the municipal market turned to the short-term sector on Thursday.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Billions in new paper came and went just as quickly, with yields dropping from preliminary to final pricing for most of the bigger transactions.

The first of this week’s new paper hit the street with deals continuing to produce lower yields and oversubscription.

Moody's shifted its outlook on six Illinois public universities to stable while upgrading two credits.

Though some dealers endured a technological headache, the year-old rules have improved transparency without disrupting trading, the MSRB said.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

Moody's Investors Service lowered the Miami-Dade County Expressway Authority’s ratings to A2 from A1 in response to state legislation.

The municipal bond market got stronger still as yields continue to go lower and muni/Treasury ratios decrease, ahead of $6.8 billion of new paper.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.

Municipal bond market participants are keeping one eye on the sale calendar and the other on the equities market.

Moody's Investors Service downgraded tax-exempt bonds issued for a Syracuse, New York, shopping mall expansion to the last rung above junk.

Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.

Transportation issues took center stage in the muni market on Thursday.

Fitch Ratings cut the Miami-Dade County Expressway Authority’s bonds to A-minus from A after lawmakers passed a bill to cut tolls and dissolve the authority.

JPMorgan Asset Management aims to help financial advisors manage interest risk and duration in their portfolios.

Major League Soccer's Chicago franchise may move back to Chicago from Bridgeview, and what happens to the village's rating depends on lease negotiations.

Municipal bond buyers saw more deals come to market on Wednesday as muni yields held in at lower levels.