Markets

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.82% from 3.87% the week before.

S&P lowered the Miami-Dade County Expressway Authority’s bonds and assigned a negative outlook. State lawmakers proceeded to pass a bill abolishing the authority.

Moody's Investors Service assigned a negative outlook to its Baa3 rating of Georgian Court University.

Bond buyers saw the Massachusetts EFA and Milwaukee as the last new deals closed up shop.

The state Senate approved the proposed constitutional amendment on a party-line vote.

Kyle Javes will fill a new post at Piper Jaffray as the firm seeks to expand in specialty sectors.

Federal Chair Jerome Powell doused market hopes for a rate cut, but it was not the result of a shift in Fed policy.

Fiona Ma has been pushing the state's bond team to explore refundings and to sell new money bonds while rates remain low.

On the day the Federal Reserve left rates unchanged, Oregon's Metro sold taxable GOs.

The Fed Chair said the FOMC is “comfortable with our current policy stance,” which he termed “appropriate.”