Markets

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

With tax season in the rear view mirror, supply is set to rise to $7.8 billion as demand rebounds.

The deal absorbs the debt of newly acquired systems, and SSM says it will "materially" lower interest.

The new site is designed to drive investment in the Massachusetts capital.

The commonwealth plans a competitive sale for the $500 million in fixed-rate, tax-exempt new-money general obligation bonds.

The net designated syndication rule is one whose time has passed. The municipal market should modernize, following the lead of other markets as to how issuer monies from its bond issues are paid to underwriters.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged for the third week in a row at 3.99%.

Some say cheapness on the short end of the municipal yield curve is starting to boost investor demand.

One Democrat said the controversy showed the difficulty President Trump faces selling his plan to spur $1.5 trillion in infrastructure investment with an expansion of private activity bonds.