Markets

The net designated syndication rule is one whose time has passed. The municipal market should modernize, following the lead of other markets as to how issuer monies from its bond issues are paid to underwriters.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged for the third week in a row at 3.99%.

Some say cheapness on the short end of the municipal yield curve is starting to boost investor demand.

One Democrat said the controversy showed the difficulty President Trump faces selling his plan to spur $1.5 trillion in infrastructure investment with an expansion of private activity bonds.

Illinois remains delinquent on transit aid payments, highlighting the need for RTA's working cash authorization.

With more than 100 structures closed recently due to potential safety risks, Moody's said the state’s deteriorating infrastructure is credit negative.

Nine Oregon school districts are responsible for half of the $1 billion in school capital appreciation bond issuance nationally since January 2017.

Morgan Stanley priced $575 million of airport system bonds for Sacramento County.

The composite of the Leading Economic Index was up 0.3% in March following a downwardly revised 0.7% increase in February, first reported as a 0.6% rise, the Conference Board said Thursday.