Markets

Market participants are increasingly contemplating the impact of Illinois potentially losing its investment-grade ratings.

The New York City Transitional Finance Authority is planning to $1.1 billion of future tax secured subordinate bonds next week, the TFA announced on Monday.

Rep. David Young, R-Iowa, has introduced a bipartisan bill that would ease tax-exempt private activity bond restrictions for first-time farmers.

Top-rated municipal bonds finished stronger on Monday, according to traders, with a heftier new issue slate on tap for the week. The calendar is composed of mostly negotiated deals, with no competitive sales over $100 million.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were set to see a heftier new issue slate on tap.

Municipal bond traders are set to see a heftier new issue slate on tap for the week ahead. The calendar is composed of mostly negotiated deals with no competitive sales over $100 million slated for the week.

NEWBERRY COUNTY, S.C. -- During a specially called meeting on Wednesday, Newberry County Council approved a resolution and had first reading of an ordinance that will allow Newberry County Memorial Hospital to refinance some of its existing debt.

Construction continues on new nuclear power plants in Georgia and South Carolina after the Westinghouse bankruptcy, but the Chapter 11 filing raises concerns for investors in the units, including public power utilities who issued billions in municipal debt.

In the week ended March 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.22% from 4.27% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Now that health care is taking a back seat to tax reform in the Trump administration, municipal portfolio managers are maintaining their investment strategies while bracing for changes on overall market demand and other technicals.