Finance

Two deals from state issuers came to market on Wednesday as municipal bond buyers were treated to much needed volume.

NASBO Executive Director John Hicks said that deposits made to rainy days funds from budget surpluses will likely bring the total to more than $58 billion for fiscal 2018.

A Massachusetts negotiated deal and Washington state competitive sales led primary issuance on Wednesday.

Brevard County will subsidize Bezos' Blue Origin with $8 million, though a recent court ruling says it can't issue bonds to raise the funds.

Retail buyers hungry for supply took on some of the $727 million of general obligation bonds that Massachusetts offered on Tuesday.

The Florida Development Finance Corp. will be asked to be the conduit issuer for $1.75 billion of PABs on behalf of the project's private owners.

The MSRB is making a push to understand muni market indicators.

Municipals were firm as Massachusetts offered almost $727 million of general obligation bonds to retail buyers.

The Little Rock-based firm added Matthew Johansen as a senior vice president.

The municipal bond market will see under $4 billion of new paper to close out the month and market participants remain hopeful volume will spike in September and stay strong into the fall.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

The ceasing of casino revenue sharing payments continues to hamper the credit conditions of Niagara Falls, N.Y., according to S&P Global Ratings.

The municipal bond market will see under $4 billion of new paper to close out the month and market participants remain hopeful volume will spike in September and stay strong into the fall.

S&P Global Ratings revised its outlook on the state’s general obligation bond rating to stable from negative and affirmed its AA-minus rating.

Municipal bond buyers will get another chance to get some Massachusetts and Texas paper as both issuers head into the market.

The organization chose Karen Daly, Emily Brock, and Lori Schreckengost to receive the annual awards.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Massachusetts and Texas will be in the market next week as the unofficial summer season winds down during the last week before Labor Day.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.