Finance

MetroHealth's low-investment-grade deal received plenty of orders with attractive yields offered.

Top-shelf municipal bonds were unchanged on Monday, according to traders, who got an early start to the week with one institutional sale and retail pricing for a second deal.

Connecticut was downgraded to A1 from Aa3 by Moody's Investors Service.

Hartford, Conn. received another downgrade as S&P Global Ratings lowered the city to BBB-minus.

Top-shelf municipal bonds were mostly steady around midday on Monday, according to traders who got an early start to the week with one institutional sale, as well as a retail pricing for a second deal and indications of interest for a third deal.

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

Municipal market participants are ready for another busy week, with volume exceeding $8 billion for the second consecutive week, something that has not happened for a while.

Chicago Mayor Rahm Emanuel's budget director, Alexandra Holt, will leave the post after six years.

Municipal market participants are set for a second week of issuance greater than $8 billion amid a surge in demand.

Build America Mutual reported a jump in claims-paying resources and statutory comprehensive income in the first quarter as well as a smaller statutory loss than in the past.

New Jersey received final bonding approval on a large-scale state house renovation project.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

Municipal bonds were stronger at mid-session, according to traders, who were looking ahead to next week’s still healthy new issue calendar, which is estimated at $8.79 billion.

Connecticut and capital Hartford face serious financial crises.

Municipal bonds were stronger in early activity, according to traders, as the market eyes next week’s still healthy new issue calendar.

Hardy Manges, head of municipal dealer sales’ at MarketAxess, discusses the impact of technology on the muni market. He also looks at trends in e-trading muni bonds and gives an update on MarketAxess' platform, which is about a year into its venture in the muni space. Hosted by markets reporter Aaron Weitzman.

Municipal bonds finished mixed on Thursday as the last of the week’s hefty supply was coming to market.

A Dallas school bus agency fell to a junk bond rating as a potential default neared.

The Illinois Senate President warned that disaster looms if historic gridlock doesn't end soon.

MBIA Inc. said first quarter profit of its U.S. public finance business fell as premiums from refunding transactions declined.