Markets

Officials cited borrowing flexibility before a joint meeting of the transit authority's oversight board and the Massachusetts Department of Transportation.

Municipals continue to outperform Treasuries amid a light holiday-shortened week led by a California tobacco deal.

A trio of municipal bond analysts say now is the time for investors to take advantage of the strength and resilience of the asset class.

With some light at the end of the pandemic tunnel, the University of Arkansas for Medical Sciences fund growth with $139 million of revenue bonds.

Moody’s followed S&P in lifting Illinois’ outlook to stable, where it stood before the COVID-19 pandemic, but a lot more needs to happen for an upgrade.

Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now.

Moody's is the second rating agency this month to bring its outlook on Illinois to stable, though all ratings remain at the lowest investment grade.

Refinitiv Lipper reported more inflows into municipal bond mutual funds to the tune of $592.4 million. Initial jobless claims fell to the lowest point since the pandemic began, moving Treasuries weaker while equities saw gains.

Buttigieg's support of PAB financing comes days before the Biden administration plans to unveil its infrastructure proposal.

The savings from the March 19 bond sale will be dedicated to Guam’s tourism recovery efforts as well as debt service.