Markets

The authority realized $534 million in present-value savings from those transactions in 2017, said finance director Patrick McCoy.

The cloud-based application is designed to help smaller firms access data on a broader universe of bonds.

Service sector companies “reported moderate growth in January,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “slower” in January, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index declined to 14 from 20.

MacKay Municipal Managers has released its list of the top five trends to watch for in the municipal market this year.

The region's non-manufacturing sector “continued to expand.”

Tax-exempt private activity bonds, which came close to being terminated in tax reform legislation, are now a centerpiece of the Trump administration's leaked infrastructure plan -- and market participants hope to use this as a springboard for a return of tax-exempt advance refundings.

Gov. John Bel Edwards released a spending plan for 2019 targeting health care and higher education to bridge much of the deficit.

The university expects healthy reception for its higher education bonds in a supply-constrained market.

A pre-marketing wire on the Sales Tax Securitization Corp.'s $366.2 million of tax-exempts indicates the Chicago deal may see wider spreads than in its bond sale last month.