Finance

As the exact language of the final tax legislation looms, municipal market participants eager wait to see how it pertains to private activity bonds, there will be $11 billion of issuance awaits as issuers make one final push.

Moody's dropped Wood County Hospital Association to Ba1 and assigned a negative outlook.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.

In the week ended Dec. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index nudged up to 3.91% from 3.90% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

The municipal bond market saw Empire State Development sell almost $2 billion of bonds in five competitive offerings on Thursday as the market focused on tax changes being worked on in Washington.

Tim Blake of Moody’s Investors Service talks with The Bond Buyer about why the level of pension funding is now linked to the ratings of state and localities and shares the firm’s views on the financial realities many municipalities face today. John Hallacy is host.

The municipal bond market will see two mega-deals hit the screens on Thursday, representing both the negotiated and competitive sectors.

Municipal bond yields fell by as much as seven basis points as the Federal Reserve raised interest rates as expected and market participants eyed tax reform talks in Washington.

St. Louis is moving closer to borrowing to help finance upgrades the arena that hosts the Blues hockey team.

The Federal Open Market Committee raised the federal funds target rate 25 basis points to a range of 1.25% to 1.50%, the Fed announced Wednesday.

The municipal market saw some new supply hit the screens on Wednesday despite the Federal Open Market Committee meeting in Washington.

Freddie Mac is broadening its capital markets vehicles with its first offering of participation certificate securities backed by multifamily tax exempt loans.

The municipal market will see some supply head its way on Wednesday despite the Federal Open Market Committee meeting underway in Washington.

S&P Global Ratings does not see an immediate credit impact for local governments and agencies impacted by the Southern California fires.

Municipal bond yields continued to rise as issuers in California, Ohio, Virginia, Florida and the District of Columbia poured deals into the market.

The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.