Markets

Hazelwood's mayor posted a letter on the city website warning of potential bankruptcy if the city can't renegotiate its deal with a fire protection district.

Brightline is building a 168-mile extension to Orlando International Airport of its original 70-mile line connecting Miami with West Palm Beach.

The short end was hammered in the secondary with large blocks of high-grades showing big swings to higher yields while the rest of the curve wasn't spared the damage and triple-A yields rose by seven to 16 basis points.

Chicago put its message on fiscal progress directly to bondholders at the annual investors conference last week.

Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.

It was a busy day in the primary Tuesday, with New York City pricing $950 million of GOs for retail and Miami-Dade County, Florida, and Mecklenburg County, North Carolina, selling in the competitive market.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

The city takes competitive bids Wednesday on $124 million of GOs.

Ramirez & Co. and Cabrera Capital Markets, LLC — two Hispanic MWBE firms — are joint bookrunners for the deal, part of Dallas County's sustained push to "maximize professional diversity on the issuance," officials said.

"Demand for low-duration tax-exempts has been so strong that short maturity benchmark yields are now lower than the after-tax yields for comparably rated benchmark taxable muni and corporate bonds," said CreditSights strategists Pat Luby and John Ceffalio.