Finance

Riverside is the latest Illinois municipality to be downgraded because of underfunded pensions.

Municipals were mixed at mid-session as the market prepared to take on a spate of new supply.

S&P Global Ratings downgraded Oak Lawn to BBB.

Suggestive of possible near-term growth in issuance, municipal CUSIP requests rebounded in October.

Moody’s Investors Service lowered Clarkson’s revenue bonds to Baa1 from A3.

The municipal bond industry marched at the head of the parade as the nation celebrated National Veterans Small Business Week.

Municipal bonds were stronger at mid-session as buyers await this week’s new issue supply.

The dollar value of net pension liabilities rose in 43 states while the dollar value of outstanding tax-supported debt rose in 17 states, the report said.

The board stands by its chief economist's conclusions after criticism from the Bond Dealers of America.

With new optimism for the future of munis following the midterm elections, an active week is in store.

The vote ends the effort to create a new city and ends the legal debate over who would have been responsible for Stockbridge bond debt.

The MSRB should tread carefully in basing future research or rulemaking on its July study of secondary market spreads, BDA said.

Municipal bond supply takes a big leap forward during next week’s holiday-shortened trading since markets are closed on Monday for Veterans Day.

Katano Kasaine, director of finance for the City of Oakland, Calif., and Noreen White, co-founder of Acacia Financial Group, will receive the 2018 Freda Johnson Award for Trailblazing Women in Public Finance.

In the week ended Nov. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.33% from 4.26% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Munis ended stronger on a day when activity was muted ahead of the Fed leaving rates unchanged.

Municipal bonds remained stronger, basking in the afterglow of U.S. election results.

Municipals are described as "idiosyncratic" as the municipal yield curve isn’t automatically tracking the Treasury curve. Coupons matter, outflows are manageable, liquidity is strong and munis are attractive to global buyers. Lord Abbett’s Dan Solender, portfolio manager, and Eric Friedland, head of municipal research, discuss all the factors. John Hallacy is host.

Munis were buoyed by election results indicating that infrastructure may be on the Congressional agenda.

The results stand to influence the municipal market through capital planning and budget actions with potential impacts on ratings and borrowing levels.