Finance

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

Municipal bond traders on Wednesday are expecting another wave of supply to hit the market, with large deals coming from a New York and New Jersey issuer.

The New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day with the bonds being priced for institutions on Tuesday.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Fitch Ratings lowered the Sooner State to AA from AA-plus.

California firm 280 CapMarkets offers cloud-based trading software for independent advisors.

The pricing on the New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day as top-quality municipal bonds turned mixed on Tuesday.

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

The municipal bond market on Tuesday will see more supply head its way with the second day of retail orders being held on the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds and deals expected from Los Angles and Philadelphia.

Municipal bonds ended mixed on Monday, according to traders, as the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds were priced for retail investors and the Chicago Public Schools came to market with an unrated bond deal.

Chicago Public Schools borrowed $500 million after doubling the size of its GO offering.

Allegations of fiscal mismanagement landed a California school district on negative watch.

Municipal bonds were mixed at mid-session, according to traders, who are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

Providence, R.I., will host the 2019 National Association of State Treasurers' Treasury Management Training Symposium.

Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.

Municipal bond traders are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.