Markets

As Rep. Devin Nunes joins the executive committee of Trump’s transition team, some state and local officials worry he will gain support for his controversial pension bill next year.

The heightened focus on disclosure in green bonds could inspire better disclosure practices in the larger municipal bond market, S&P Global Ratings said in a report this week.

California's $2 per pack increase on cigarettes is credit negative for tobacco bonds, nationally.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 3.97% in the week ended Nov. 10 from 3.94% in the previous week.

While backers tout the benefits of green bond certification, municipal issuers must examine whether it's the best fit. Concerns include costs, procedural burdens and redundancies.

Standard & Poor’s is reassessing some existing ratings and deferring some new ones in certain sectors because of errors in its credit scoring models.

More than half of the top 50 local governments ranked by outstanding debt by Moody’s now have higher pension liabilities than debt, the rating agency said Friday.

Providence, R.I., Mayor Jorge Elorza said his city's three-notch upgrade from Fitch Ratings, to A-minus from BBB-minus, reflects a move in the right direction.

In the week ended Nov. 3, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 3.94% from 3.95% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

With the presidential election just days away, the potential impact on the municipal tax exemption, demand for public debt, and tax reform are among unresolved concerns for buy-side market participants.