Finance

New municipal bond issues were well received on Thursday as market tone improved.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

S&P said Pennsylvania's rejection of Wilkes-Barre from a state workout program presents no immediate pressure to its overall credit quality.

Municipals were mixed at mid-session as Treasury investors made an about-face and pulled down yields in the wake of a stock market swoon.

Municipal CUSIP requests declined after a record surge in August, suggesting a possible issuance slowdown.

Municipal bond yields continued their march higher on Wednesday as the primary sector saw a few new deals come to market.

The Tennesee capital will issue $775 million of general obligation improvement bonds.

Rising interest rates have created a lot of early October red ink in the bond markets, says J.R. Rieger.

Thursday is the deadline for sending comments to the IRS on its proposal to prevent taxpayers from avoiding the $10,000 federal cap on state and local tax deductions that Congress enacted last December.

Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

With municipal yields rising more than they have in years, investors see a rare opportunity for fourth-quarter tax swaps.

After seeing yields rise in recent days to close out the week, the muni market will see under $5 billion in the upcoming holiday-shortened week.

Common Good estimates the delays are adding $1.7 billion annually in lost opportunity costs and additional construction costs to the larger Gateway Development project, which includes a new Portal North Bridge in New Jersey.

Municipal bond supply drops off sharply next week with $4.4 billion of volume estimated to hit the screens.

Issuance was light as the municipal bond market got hammered by jumping Treasury yields.

After three quarters, only Morgan Stanley and Jefferies have increased par amount underwritten from last year.

GASB is accepting comments through Nov. 2 on its proposal to clarify the definition of a conduit debt obligation.

Munis weakened significantly for the second day in a row after the 10-year Treasury hit 3.1268% Wednesday, its highest point since 2011.

Municipal bond prices weakened as supply flooded into the primary sector.