Finance

The region's governments could find it harder to generate fresh revenue, Moody’s Investors Service said

Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.

Municipal bonds were weaker at mid-session, according to traders, who are looking ahead to the next week's $10 billion new issue slate, which will be dominated by Illinois's $4.5 billion general obligation bond offering.

Municipals are little changed in early activity as the market gets ready to take on the biggest deal of the year — next week’s $4.5 billion Illinois general obligation bond offering.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98% from 4.02% last week.

Municipals finished mixed in secondary trading on Thursday as a spate of transportation deals hit traders' screens.

The firm's win on a competitive California GO deal underscores efforts to keep its hand in the new-issue business.

Municipals were mixed in secondary trading at midday as the primary saw several big transportation deals hit the screens.

The state’s high-speed rail program still faces a long journey to completion beset by lawsuits and political opponents.

The municipal bond market will be focused on transportation issues on Thursday as the last of the week’s big competitive sales hit the screens.

Municipal bonds finished mixed in trading on Wednesday as issuers in New York and Massachusetts came to market.

S&P Global Ratings assigned negative outlooks to the five special purpose districts due to flood damage.

Municipal bonds were trading mixed at mid-session as issuers in New York and Massachusetts hit the market with several big bond deals.

Moody’s lowered Niagara Falls’ general obligation debt to Baa3 from Baa2.

The utility in Gainesville will use bond proceeds to buy a privately owned plant to exit an above-market power purchase agreement.

The municipal bond market will see large deals from the Northeast on Wednesday as issuers in New York and Massachusetts are set to offer bonds.

Illinois' break in budget gridlock and tax hikes help market digest bonds.

Top-shelf municipal bond yields dropped as many as five basis points, as about half of the week’s issuance is flowed into the primary market.

S&P raised the city's rating on notch to CCC-plus and assigns a stable outlook.

Municipal market participants have their hands full on Tuesday, as roughly half of the week’s issuance is flowing into the primary market.