Finance

The authority, one of the largest municipal bond issuers, will use the new benchmark to reduce its exposure to Libor, which is slated to sunset.

Wisconsin sold the biggest deal of the week as investors remained wary ahead of the FOMC meeting.

The biggest deal of the week came to market on Tuesday as Wiscon sold general obligation bonds.

The competitive GO deal will feature five- or eight-year calls.

The intermediate and long end has moved cheaper, creating an opportunity to add some yield to muni portfolios, says Triangle Park's J.R. Rieger.

Ahead of the FOMC monetary policy meeting and quarter end wrapup, a slim supply slate awaits muni buyers.

Moody's Investors Service dropped the Long Island county to Baa1 from A3.

Municipal bond issuance is set to drop by half next week as Federal Open Market Committee meets and the third quarter comes to an end.

The district will bring $75 million of new money and refunding bonds to market.

Worries about the Fed's monetary policy meeting combined with the looming end of the quarter to keep muni issuance low.

Lombard sold $3.9 million of unrated GOs in its first market test after reneging on a pledge to support bonds sold to fund a hotel.

S&P Global Ratings revised its outlook on Nevada's AA rating to positive from stable.

Alton still needs a long-term public safety pension funding solution, S&P Global Ratings said as it downgraded the city.

The Houston-based firm built by former Hilltop Securities bankers has added three key executives.

Commissioners made no mention of gun policies that led them to oust Citi and Bank of America Merrill Lynch from the deals.

Issuers from Colorado, Minnesota, and Florida led the pack of issuers on Thursday.

The last of the week’s big deals came to market on Thursday with issuers in Colorado, Pennsylvania and Florida leading the pack.

There was a healthy pulse in the municipal market as new structures attracted interest.

Municipals remained weaker on Wednesday as more deals came to market.

Connecticut’s planned issue of credit revenue bonds is a “potentially terrible long-term solution,” says Municipal Market Analytics.