Finance

Munis will see some deals price into a slightly stronger market on the heels of Tuesday's midterm elections.

Muni activity is being tempered by this week’s election focus, market sources said.

Chicago Heights joins the list of local governments hit with a Moody's downgrade becaue of pension funding strains.

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

The Virginia College Building Authority competitively sold almost $215 million of tax-exempt and taxable revenue bonds.

Moody's Investors Service raised the city three notches to Baa3.

Moody’s Investors Service boosted the Town of Hempstead to Aa2 from Aa3 and assigned a positive outlook.

A lack of depth in the market is partly to blame for low trading activity, according to one manager.

If the workarounds states are using by creating charitable foundations as a way to pay property taxes or state and local income taxes are legal, Suffolk County Executive Steven Bellone said it’s up to Congress to decide whether to end them.

Municipal supply slacks off this week as bond yields continue to inch higher.

The muni market was weaker again Friday, as yields followed Treasurys higher after government data showed strong job growth.

Moody's Investors Service boosted the city to B2 from Caa3 and assigned a positive outlook.

The muni market continued its recent trend of weakening everyday, while the October labor data was strong, with nonfarm payrolls jumping to 250,000 versus the expected number of 190,000.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, inched up to 4.26% from 4.25% the week before.

The muni market continued to weaken the day after Chicago pulled the biggest deal of the week.

Most state and local governments are concerned the ceiling will make it harder to raise taxes to pay for public services and infrastructure.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

Such "granny flats" may be the next frontier for PACE financing.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.