Northeast

The shutdown of struggling Destiny USA due to COVID-19 could prompt more gambles from the property owner, a local expert says.

Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.

The deadline to pass the city's fiscal 2021 spending plan is two weeks away and it faces a $9 billion gap.

The trend should continue, unless coronavirus-related enrollment losses force an end.

New York, Texas and Pennsylvania issues headline the new-issue slate.

Gov. Charlie Baker’s plan, with some tweaks, could secure much-needed funds money more quickly during the coronavirus pandemic, Pioneer Institute said.

Shifting to smaller annual increases — after a 36% turnpike hike in September, the first in eight years — is credit positive, according to one rating analyst.

Proceeds from the sale would go to providing direct grants to non-profit organizations.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.