New Jersey

Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.

Jersey Shore gambling hub's financial progress under state supervision amid coronavirus headwinds prompted rating agency to revise junk-rated city's outlook to positive.

Munis are likely to lag Treasuries in some fashion once year-end empathy settles in mid-month and ratios become a factor.

After volume in November came in around $19 billion, the lowest since 1999, investors look to December.

Selling in a week with an expected light calendar should help the deal as will market fundamentals.

Dealerweb is a wholesale unit of Tradeweb Markets, a large fixed-income electronic trading platform company. FINRA found that Dealerweb failed to correctly report 147,000 trades.

The $4.3 billion deal will test the state's low bond ratings — punctuated by another downgrade — against the municipal market's continuing demand for paper.

S&P Global Ratings downgrades the Garden State's general obligation bonds one notch to BBB-plus from A-minus.

The legalization is projected to generate about $120 million for the fiscally stressed state once the market gets established, which won’t be for another two to three years.

Financial hits to Atlantic City's hospitality industry from state limitations aimed at curbing the spread of COVID-19 are hindering a state agency reliant on luxury tax revenues to pay debt service on outstanding bonds.

Thomas Forkin eyes legal challenges to state's intervention efforts if he defeats incumbent Marty Small in Tuesday's election.

New Jersey had a choice between the Federal Reserve’s Municipal Liquidity Facility and the muni market for its upcoming $4 billion borrowing.

Proposed upgrades to the 110-year-old tunnel linking Manhattan and northern New Jersey have hit roadblocks under President Trump.

Recent toll hikes will offset a coronavirus-inspired drop in traffic and a refunding portion gives the authority "financial flexibility," according to analysts.

New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus.

Analysts warn that borrowing planned in a revised New Jersey budget will result in lasting fiscal distress as it pays back the debt.

The deal struck by Gov. Phil Murphy to increase marginal rates on income over $1 million is not expected to make a material difference to the state deficit.

A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.

Gov. Phil Murphy’s administration faces a fast-approaching deadline to choose its debt strategy: long-term GO bonds or the Fed's Municipal Liquidity Facility.

A new state revenue forecast could put a crimp in the governor's $4 billion emergency funding bond plan.