Finance

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.

The rating agency cautioned that rising pension costs and revenue restraints could pose challenges.

The San Francisco-based broker-dealer, which launched its trading platform in May, expanded its West Coast presence.

New York City will hit the market with negotiated and competitive sales on Thursday totaling over $1 billion.

The county faces layoffs and service cuts if the effort to repeal a beverage tax succeeds, the board president warns.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Top quality municipal bonds finished weaker on Wednesday, traders said, as more large deals hit their screens.

Top-quality municipal bonds were weaker at mid-session, traders said, as the market is seeing more deals hit the screens.

Continued lack of a budget will mean a spending freeze and further rating agency backlash.

The municipal bond market will see more deals hit the screens on Wednesday, led by a big Maryland competitive sale and a second day of retail orders for the New York City offering.

Top-rated municipal bonds ended weaker on Tuesday, according to traders, as the first of this week’s new deals hit the screens, led by sales from New York City and Louisiana.

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

Top-rated municipal bonds were weaker at midday, according to traders, as the first of this week’s new deals hit the screens on Tuesday.

Municipal bond traders are set to see the first of this week’s new deals hit the screens on Tuesday, led by deals from New York City and Tennessee issuers.