Finance

Owners of two firms will join Hilltop Securites as managing directors, the firm said.

The muni market is winding down to a pause for the long holiday weekend and when the market opens back up Tuesday, big deals will be few and far between, but the market will continue its run.

In the week ended May 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.75% the previous week.

The municipal bond market saw the largest Garvee bond deal so far hit the screens on Thursday.

Lawsuits accusing banks and broker-dealers of fraud in the variable-rate demand obligation market helped cement the decision to use the platform.

Municipal bond buyers saw a spate of large new deals hit the market on Wednesday.

Municipal market participants are increasingly skeptical that an infrastructure bill will pass this year.

Moody's dropped the central New York county to Aa3 from Aa2.

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.

A spate of new deals came to market, topped by a New York State green bond deal and an offering from the Arkansas Development Finance Authority.

The ripple effects of Puerto Rico's bankruptcy may be less onerous for state special revenue credits than some investors thought.

The Connecticut Housing Finance Authority became the first housing entity to use the Secured Overnight Financing Rate when it issued $100 million of variable-rate bonds.

Steven Gibson became president last year and is the deputy city manager in Rock Hill, South Carolina.

GFOA members also will elect five new members-at-large.

GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.

With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song.

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.