Markets

A $300 million Illinois revenue offering will lead the activity in the primary market this week as part of an estimated $4.97 billion in new volume, which is on the lighter side compared due to the absence of large, billion-dollar deals that have dominated the calendar in recent weeks.

For buyers, the allure of attractive yields, diversification, and liquidity drowned out the project risks tied to investing in the Iowa Fertilizer Co.'s $1.2 billion of junk-bond paper.

Speakers at the National Federation of Municipal Analysts on Thursday discussed warning signs that risk is stratospheric on high risk capital-intensive projects like fertilizer, desalination and ethanol plants.

Highmark Inc., which closed on a $604 million deal to take over teetering West Penn Allegheny Health System, is now under rating agency glare.

The U.S. faces several significant challenges in the water and wastewater sectors including aging infrastructure, a water supply-demand imbalance and an unsustainable funding gap, a new Ernst and Young report found.

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million.

All The Bond Buyer's weekly yield indexes declined the week ended May 2.

Six months after announcing a proposed merger, Trinity Health and Catholic Health East said Thursday they've closed the deal, which will create the second-largest health care provider in the country.

The municipal bond market is rife with investment opportunities, thanks to fourth quarter growth in state tax revenue, U.S. Trust says.

Seasonal outflows continued for tax-exempt money market funds as $4.49 billion escaped the industry and total net assets settled at $259.42 billion in the week ended April 29, according to The Money Fund Report, a service of iMoneyNet.com.