Markets

Municipal bonds finished stronger on Friday ahead of the upcoming $9 billion new issue calendar.

Florida agencies will negotiate with the private rail operator, currently known as Brightline, to build tracks for passenger service to Tampa.

The debut of two new casinos factored into a third quarter profit dip for Atlantic City’s gambling industry.

Municipal bond volume fell by almost half in November, underscoring the impact of the tax law.

Municipal bond investors will get to feast on a big new issue calendar, led by an almost $2 billion airport deal coming out of Chicago.

The MNI Chicago Business Barometer surged to an 11-month high of 66.4 in November/

In the week ended Nov. 29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.21% from 4.23% last week.

The municipal market saw the last significant issuance come and go swiftly, closing out the week on a high note.

Voters in the Southern California rejected a water and wastewater rate increase, and a subsequent rate hike triggered an unsuccessful recall election.

Milwaukee-based Baird said it will expand its public finance footprint into new markets when it closes on the purchase next year.