Markets

Lumesis Inc. has formed a strategic relationship with Pershing LLC that will give immediate access to DIVER Advisor’s municipal bond reports and compliance solutions to Pershing’s clients.

Tim McGregor, director of municipal fixed income management at Northern Trust, says volatility is creating opportunities.

Municipal bond volume is expected to rebound to more than $9 billion in the coming week, as issuers take advantage of post-tax season demand.

For the week ended April 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points to 4.30% from 4.26% from the previous week.

Chicago’s CFO, Lois Scott, is promoting the city's new plan to take on $200 million of new debt to pay for canceling interest-rate swaps and to phase out debt restructurings.

After 42 years at Moody's Investors Service, John Incorvaia is retiring after spending most of his analytical career covering Florida. April 30 is his last day on the job.

Bondholders for a failed private jail would receive about 55 cents on the dollar under a proposed sale of the $35.4 million lockup to Burnet County, Texas, according to a trustee's disclosure.

Last week's aborted Louisiana State University bond deal stemmed from what an analyst called a “shell game” in which state lawmakers try to balance budgets by cutting aid to localities.

Chapter 9 guru James Spiotto says states are increasingly realizing the importance of early intervention in their distressed cities to avoid the crisis of a municipal bankruptcy where everyone loses.

Older companies often face challenges in adapting to new challenges, but they have advantages as well, according to chief executives, including Alexandra Lebenthal, at the Milken Institute’s Global Conference.