Markets

Transportation issues took center stage in the muni market on Thursday.

Fitch Ratings cut the Miami-Dade County Expressway Authority’s bonds to A-minus from A after lawmakers passed a bill to cut tolls and dissolve the authority.

Scarce high-yield supply is creating challenges for muni fund managers.

Airports have been clamoring for an increase in the PFC limit for years, arguing that they need it to help finance capital improvements that would be paid for with new bond issues.

JPMorgan Asset Management aims to help financial advisors manage interest risk and duration in their portfolios.

The April producer price index grew less than expected, suggesting inflationary pressure will remain weak.

Major League Soccer's Chicago franchise may move back to Chicago from Bridgeview, and what happens to the village's rating depends on lease negotiations.

Municipal bond buyers saw more deals come to market on Wednesday as muni yields held in at lower levels.

The current volume cap on PABs issued for highways and freight improvement has just over $2.5 billion remaining that can be authorized by the U.S. Department of Transportation.

The state's municipalities generally enjoy high bond ratings. Whether they can sustain them in bad times is still up for question.