Finance

S&P Global Ratings has lowered its ratings on the Commonwealth of Massachusetts' approximately $22 billion of parity general obligation (GO) bonds outstanding to 'AA' from 'AA+' and its rating on Boston Housing Authority housing project bonds,

Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

Top shelf municipal bonds were weaker at mid-session,, according to traders, who were making preparations to tackle next week's calendar. Ipreo estimates next week's volume at $6.01 billion, consisting of $4.94 billion of negotiated deals and $1.08 billion of competitive sales.

The sale of $1.1 billion of unrated bonds for New Jersey's American Dream comes amid uncertainty about the future of indoor shopping malls.

Municipal bond traders are taking a breather on Friday after a heavy slate of new issues priced this week. Traders will be eyeing market volatility which saw yields see-sawing back and forth.

Dallas and Houston are on the right path to fixing their troubled pensions, according to Moody's.

Kansas' adoption of a tax increase led Moody's to boost its outlook on the state to stable.

Top quality municipal bonds ended weaker on Thursday, according to traders, as the last big supply of the week hit the market.

Adam Andrzejewski, founder and CEO OpenTheBooks.com, talks about how his database of public spending could make governments more accountable. Andrzejewski ran for governor in Illinois, which he calls the “Super Bowl of corruption.” He cites outlandish salaries, waste at the federal level, and “compensation buckets” at the Port Authority of New York and New Jersey. Hosted by Paul Burton.

Top quality municipal bonds were weaker at mid-session, according to traders, as the last big supply of the week started to hit the market on Thursday.

Municipal bond traders are set for the last big supply of the week to hit the market on Thursday.

The University of Illinois and Illinois State University were downgraded by S&P Global Ratings.

Top-rated municipal bonds finished flat on Wednesday as the city of Chicago retuned to the market with a new water deal.

The director of the Hawaii Green Infrastructure Authority is trying to put its bond money to work.

Barclays is bolstering its Chicago team with three banking additions at the expense of Bank of America Merrill Lynch.

JPMorgan is Chicago Public Schools' choice for the direct placement of $396.5 million of notes.

Municipal bonds were mixed at mid-session as traders awaited the return of the Windy City to the new issue sector.

S&P Global Ratings revised its outlook to negative from stable on Syracuse, N.Y.'s outstanding general obligation (GO) bonds and Syracuse Industrial Development Agency's (IDA) parking facility revenue bonds, excluding the GO bonds secured by the New York State Aid Intercept Program.

Municipal bond traders will see the return of the Windy City to the new issue sector as they offer a water deal one day after coming to market with a wastewater deal.