Markets

Issuers and the MSRB are mostly on the same page about primary offering practices that may warrant scrutiny, but some members of the GFOA's debt committee are concerned about "regulatory creep."

The city won back its investment-grade rating ahead of the refunding deal that marks its return.

Another low volume week is on top, but the scarcity value is driving demand as the market continues to be strong in the face of rising interest rates.

The $914 million deal will help finance a $7.4 billion project to renovate and expand the airport.

The municipal bond market will see another light new issue calendar next week with volume estimated at $4.86 billion.

U.S. hiring rebounded in April and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb.

Moody's Investors Service lowered the university one notch to Aa2.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 4.04% from 4.05% the week before.

The Illinois hospital nonprofit faces a rating cut to junk if merger plans fall apart.

The city's comptroller warned other city leaders that there's a rating toll for supporting special interest projects.