Finance

Top-rated municipal bonds finished weaker on Monday, traders said, as the New York Metropolitan Transportation Authority offered almost $600 million of green bonds to retail buyers.

Moody's revised the Missouri city's outlook to positive.

Barclays Capital plans to price the Cal regents deal Tuesday.

The Texas Water Development Board is planning the largest bond issue in its history as it also deals with the impact of Hurricane Harvey.

S&P Global Ratings said it has lowered its ratings on Virgin Islands Water and Power Authority's (WAPA) senior-lien electric system revenue bonds to CCC-plus from BB-plus.

Top-rated municipal bonds were weaker at mid-session, traders said, as the New York Metropolitan Transportation Authority offered almost $600 million of green bonds to retail buyers.

Gov. Tom Wolf has threatened further cuts without a balanced $32 billion fiscal 2018 budget.

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

The municipal bond market is set for the start of the week’s smaller-than-average new issue calendar. Volume for the week is estimated at $4.72 billion, consisting of $3.71 billion of negotiated deals and $1.01 billion of competitive sales.

Weekly volume in the primary municipal bond market is expected to drop below $5 billion for the third time in five weeks.

Wisconsin Gov. Scott Walker will soon sign the $3 billion incentive package.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

Top-shelf municipal bonds were mixed at midday, according to traders, who are looking ahead to next week’s new issue calendar. Ipreo estimates total bond volume for next week at $4.72 billion.

The state awaits word on how Gov. Tom Wolf will handle the situation as bond rating agencies continue to hover.

A planned overnight short-notice vote failed to materialize amid continued tweaks.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar.

S&P Global Ratings cut its rating on Hartford, Conn.'s general obligation bonds by four notches to B-minus from BB and the rating on the Hartford Stadium Authority's lease revenue bonds by three notches to B-minus from BB-minus, the rating agency said on Thursday.

New York City hit the market with negotiated and competitive sales totaling over $1 billion Thursday as top-rated municipal bonds weakened.

The authority plans to sell new money and refunding bonds.

Top-rated municipal bonds were weaker at mid-session, according to traders, as New York City hit the market with negotiated and competitive sales totaling over $1 billion.