Markets

Michael Ruvo, the new CEO of financial technology provider BondWave LLC, wants to create a premiere fixed income intelligence platform with improved transparency and enhanced market liquidity.

In the week ended June 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged at 3.90% from the previous week.

New York City Comptroller Scott Stringer and California State Controller Betty Yee are urging public pension funds to embrace board-diversity practices inclusive of LGBT interests.

In the latest installment of Muni Minute – The Bond Buyer's 60-second video series that examines a top municipal market story that will impact the coming week – we take a look at the biggest bond deal of the week – an almost $1 billion competitive sale from the state of Pennsylvania. It's the first big deal from the Keystone State since last year's budget crises – and it's coming ahead of a possible new one.

The Nuveen High Yield Municipal Bond Fund outperformed its benchmark by 10% over the last five years by keeping duration a bit longer and adding value through security and sector selection.

Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the state’s sound operations and improving economy.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose two basis points to 3.90% from 3.88% in the previous week.

Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.

Chicago’s second shot at fixing one of its woefully underfunded pension funds offers investors at least a small sign of progress, several market participants said.

Chicago would raise its contributions to its laborers’ pension fund by at least 30% annually under a new plan to stabilize the fund and steer it away from its path to insolvency.