Finance

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

The N.Y. Metropolitan Transportation Authority sold over $1 billion of securities Thursday as munis ended stronger.

Mt. Pleasant, Racine County, and the Wisconsin state government all face risks if the Taiwanese manufacturer can't deliver on its big promises.

S&P Global Ratings says Detroit's Local Development Finance Authority's collections haven't been enough to cover debt service payments on subordinate bonds issued in 1997.

Issuers say a variety of factors make it difficult to get audits in any faster.

Municipal bond issuance was not much changed from the start of 2018, marking the second year in a row volume got off to a slow start.

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.

Improved financial conditions bolstered by additional state aid drove cash-strapped Jamestown, New York back to investment grade following years of budget deficits.

The New York Metropolitan Transportation Authority sold over $1 billion of securities Thursday.

Traditional bond buyers are going back to Puerto Rico.

Munis spent most of the day in a defensive stance as the Fed met to decide the course of monetary policy.

The Federal Open Market Committee is set to announce its decision on interest rates this afternoon.

A top House Democrat warned the Trump administration not to engage in debt limit brinksmanship that could halt trading in state and local government securities.

Panelists at The Bond Buyer's National Outlook Conference said state and local governments are on their own, at least for now, to fund infrastructure.

A statewide ballot measure would be needed to implement the required constitutional changes.

Municipals finished little changed on Monday in quiet activity.

Moody's dropped to Caa3 a pool of pension obligation bonds likely to be dragged down by wildfire damage to Paradise, California.

The firm tapped veteran Phong Pham to head the new office in the western part of the state.