Markets

The state sells $268 million of GOs competitively this week while officials weigh refunding opportunities.

Iowa accounted for $16 million of the approximately $36.1 million in aggie bonds issued in 2017, according to a recent survey by the Council of Development Finance Agencies.

Fitch Ratings cut the Philadelphia-based Catholic university to BBB-minus, with a negative outlook.

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

James Johnson, who steered New Jersey's oversight of Atlantic City, is now corporation counsel for New York City.

The week’s new issuance got off to a slow start on Tuesday, but the Street is flush with cash and ready to pounce as the bigger deals price on Wednesday and Thursday.

The Missouri Highways and Transportation Commission takes bids Wednesday on its first new money deal in nine years.

With the fed funds rate target cut to a range of 1.50% to 1.75%, the Federal Reserve may not have enough firepower to respond to the next economic shock.

In observance of Veterans Day, the bond markets were closed on Monday.