Northeast

Neal, the most influential advocate for tax-advantaged bonds in Congress, is assured re-election because Republicans are not fielding a candidate in November.

September got off to a good start as buyers had their pick of a variety of new issues, which priced into a stable market environment.

A drop in fuel consumption prompted New Jersey to raise its gas tax, above the levels of New York, whose residents took advantage of lower prices and filled up before exiting the state when driving through.

Price guidance was issued on California's $2.4 billion GO deal as the State of New York Mortgage Agency got ready for its first social bond issue as the ESG muni market expands.

Rep. Richard Neal was the lead architect of the muni-friendly provisions in the Moving Forward Act which passed the House in July.

The university and its health system are experiencing the biggest shortfalls ever, president Thomas Katsouleas told Connecticut lawmakers.

The governor said the group will craft recommendations to build economic resiliency and curb costs to prepare for a post-coronavirus future.

Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points, according to Refinitiv MMD.

Street space has become the new battlegrounds as municipalities, with fewer resources, look to reimagine themselves.

The New York City suburb achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline.