Markets

In the week ended Jan. 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 4.16% from 4.14% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

New York’s fourth largest township had its credit rating dropped by Moody’s Investors Service due to a lack of audited financial statements.

Illinois’ rising bill backlog if left unchecked could pressure the state’s already battered credit rating, Moody’s Investors Service warns in a new commentary.

Stock market swings could affect California's credit quality, which is linked to its ability to maintain balanced fiscal operations that are heavily linked to the stock market's performance.

Pennsylvania's intercept programs for school districts remain a strong credit feature despite downgrades related to the state's budget impasse, said Janney.

Market technicals – a lack of supply and significant Jan. 1 rollover proceeds – are bolstering municipal demand and price stability in the New Year so far, according to Jeffrey Lipton, head of municipal research and strategy at Oppenheimer & Co.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was one basis point lower to 4.14% from 4.15% for the previous week.

California Public Employees' Retirement System chief executive officer Anne Stausboll announced Thursday that she will retire as the head of the nation's largest public pension fund.

A continuing decline in oil prices will strain the budgets of five producing states to varying degrees, according to Standard & Poor's.

Moody’s Investors Service offered a mixed picture of states’ progress on dealing with their pension liabilities in fiscal year 2014.