Finance

Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.

Puerto Rico issues rallied after reports the island’s electric company struck a debt restructuring agreement with its bondholders.

City officials say the round of assignments for bond counsel and special disclosure counsel includes larger and smaller, minority-owned law firms.

Despite recent softness, the supply demand imbalance is uplifting the market, according to a new report.

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

Tax Reform 2.0 would make permanent the lower individual tax rates in last year’s Tax Cuts and Jobs Act that are scheduled to expire in 2025.

Sporadic trading and price firmness drove the municipal market on Thursday.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

The black box gang has always mistaken complexity for sophistication in the realm of financial modeling.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

The Ohio-based operator is acquiring the operations of HCR ManorCare.

The upgrade comes ahead of a $619 million bond sale.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

House Judiciary Chairman Bob Goodlatte, R-Va., blasted the Supreme Court’s 5-4 decision in South Dakota v. Wayfair, Inc. as having “the potential to unleash chaos for consumers and remote sellers, particularly small business sellers.”

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.