Finance

Chicago's 2017 CAFR offers deep dive into Chicago's fiscal gains and deeper strains.

State and local governments were advised Thursday to avoid imposing burdens on out-of-state e-commerce retailers that could spark a new round of litigation as they begin implementing the Supreme Court’s June 21 South Dakota v. Wayfair, Inc. ruling on sales taxes.

Ipreo estimates weekly bond volume at $9.2 billion, consisting of $7.5 billion of negotiated deals and $1.7 billion of competitive sales.

CPS inches up speculative grade credit ladder, which in turn helps garner Chicago a stable outlook.

During a webinar Thursday moderated by the National League of Cities, officials pointed out that the South Dakota v. Wayfair, Inc. sales tax case has been remanded by the U.S. Supreme Court back to the South Dakota Supreme Court.

Twenty-three years after hitting rock bottom, D.C. has a triple-A rating.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 3.96% from 3.97% the week before.

MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.

Munis finished mixed as California State, Los Angeles Airport and L.A. County Facilities Inc. hit the market.

The deposit exceeds some pre-budget estimates that the fund would receive $14 million, said Gov. Tom Wolf.

Municipals were mixed at mid-session as the last of the week’s big deals came to market, led by a bond offering out of California and a note sale from Colorado.

Moody's has cut the ratings of 31 Illinois municipalities due in part to pension strains over the last 18 months.

Three Republican senators have introduced legislation that would slash federal spending for transportation and federal fuels taxes and put more responsibility on states for transportation infrastructure and all mass transit projects.

Two Dallas-area school districts put their recently approved bonds up for sale to a receptive market.

Requests for municipal bond identifiers rose in June for the fourth month in a row as the Dormitory Authority of New York sold $1.79 billion of bonds to a supply-starved market.

The league tables show a return to normal from the first quarter, when PFM, Citi and JPMorgan all placed lower than usual.

Municipal bonds were stronger at mid-session as a swell of supply swept into the market on Wednesday.

BlackRock says relative valuations and historical seasonal trends suggest favorable conditions for municipals.

Fitch Ratings says the application of its new rating criteria is not expected to result in widespread downgrades.

Chicago Public Schools has GO, revenue, and refunding bond deals in the works.