The Municipal Bond Index for Tuesday, Nov. 4, has been revised because Standard & Poor's Securities Evaluations Inc. priced one of the bonds incorrectly. The Long Island Power Authority's 6% bond due May 1, 2033, should have been priced at 100.385. As a result, the index for Nov. 4 is now 97-23, the average dollar price is 95.32, the average yield to par call is 6.23%, and the average yield maturity is 5.94%.
The budget is a good sign, analysts say, and may be a first step towards ultimately ending the Oversight Board's authority over the territory.
The law would allow up to $800 million in bond funding if Major League Baseball selects Portland, Oregon, for an expansion or transplant team.
University of Virginia president James Ryan resigned under White House pressure as the Trump administration pushes higher education to comply with its ideology.
The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.
The top finisher in the Democratic mayoral primary wants the city to issue $70 billion of additional affordable housing bonds.
Sanchez said the GFOA's debt committee in particular is a place where there could be discussion about what kind of controls are necessary to address the situation.
