Markets

Mayor Rahm Emanuel will introduce an ordinance Wednesday to pave the way for the new bonds.

Zucker previously oversaw debt issuance at the New York State Homes and Community Renewal’s Office of Finance and Development.

Investor-owned utilities are recovering quickly from the storm, the rating agency said.

Top-rated municipal bonds finished stronger on Tuesday, according to traders who returned to their desks to get ready for a lighter-than-average holiday week calendar.

Opponents withdrew petitions for a threatened referendum that had stalled plans to issue bonds for the Quicken Loans Arena rehab.

Although the holiday shortened week curbs muni volume to less than $4 billion it should not impact demand. Municipal market participants will have their eyes on the sizeable deals of the week.

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.

Top-rated municipal bonds were stronger at mid-session according to traders who were returning to their desks on Tuesday and looking ahead to the week’s lighter-than-average holiday week calendar.

Advantages in price, execution, transparency, and liquidity run up against the market's reluctance to change.

The Conference Board's Employment Trends Index (ETI) rose to 134.62 in August from a downwardly revised 133.60 in July, first reported as 133.77, and is up 4.6% from a year ago, the group announced Tuesday.