Markets

"Adventures in MuniLand," published by Cumberland Advisors Publishing and written by three of its senior staffers, is a 369-page guide that helps readers understand the changes that market endured during the seven-year period from the end of 2007 and the following financial crisis.

Municipal investors shouldn’t be preoccupied with fears about inflation, interest rates, or credit quality, according to municipal analysts and managers.

Puerto Rico Aqueduct & Sewer Authority's $750 million revenue bond sale, the largest deal on the coming week's primary calendar, promises to test the market's appetite for the island's high yield debt.

Fitch Ratings said 2014 hospital medians showed surprisingly strong results, while capital spending in the sector hit the lowest point in six years.

Municipal bond funds saw inflows in the latest week, according to the Lipper.

In the week ended August 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell by two basis points to 4.37% from 4.39% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The revival in pension obligation bond issuance creates new risks for retirement systems that do not resolve chronic structural problems, rating analysts said.

Storm resilience could represent an ideal application for social impact bonds, some advocates say.

Moody’s Investors Service has downgraded more than three dozen Michigan school districts this year as falling enrollment continues to strain their finances.

Municipal volume is estimated to drop to $5 billion for the week of Aug. 10, with only 11 negotiated deals and no competitive sales larger than $100 million on the calendar.