Finance

The municipal market absorbed a barrage of issuance on Wednesday, as the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power came with large deals.

Florida Gov. Rick Scott asked Ben Watkins to help convince the Legislature that tourism funding supports state and local ratings.

Municipal bonds continued to show weakness on Wednesday as big bond offerings from the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power hit the market.

Big bond offerings from the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power are on tap for Wednesday as the market keeps watch on rising yields.

A California healthcare issuer came to market with a multi-billion dollar offering Tuesday as municipal bonds weakened in secondary trading.

A California healthcare company came to market with a multi-billion issue on Tuesday as municipal bonds weakened in secondary trading.

MTA variable-rate debt is well under its policy threshold.

Municipal bond traders on Tuesday will be eyeing rising yields as the first of the week’s new supply gets set to hit the market.

Municipal bonds ended weaker on Monday, according to traders, who were awaiting the start of the week’s $8.26 billion new issue slate. The calendar consists of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

Authority plans May sales of $350M and $83M

Municipal bonds were trading weaker at mid-session, according to traders, who were awaiting the start of this week’s $8.26 billion new issue slate.

Municipal bond market participants are looking at this week’s $8.26 billion new issue slate, which is dominated by a big California healthcare issuer. This week’s calendar is composed of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

The municipal market is set to see a bump in new supply next week, something that market participants have been craving.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

Virginia’s budget imbalance stemming from soft revenue growth and spending down its savings led S&P Global Ratings to revise the outlook to negative on the state’s AAA general obligation rating.

YAKIMA, Wash. -- The city of Yakima's bond rating was recently downgraded due to what experts say is a weaker economy and less financial flexibility. But city officials aren't too concerned.

Municipal bonds were unchanged at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. Ipreo estimates volume at $8.26 billion, up from a revised total of $5.94 billion this week, according to updated data from Thomson Reuters.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP increased their leads in the municipal bond insurance and bond counsel rankings in the first quarter, as political uncertainty and higher interest rates cut into the volume of transactions.

The rating pains of Illinois' public universities took a turn for the worse.

S&P Global Ratings said it has revised its outlook on Virginia's general obligation, appropriation-backed, and moral obligation debt to negative from stable.