Organization Root Tag

The Bourne and Sagamore bridges over the Cape Cod Canal are functionally obsolete, according to their owner, the Army Corps of Engineers.

Administrative failures or a lack of understanding of the rule may be to blame.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

Municipal underwriters saw increased business, as demand for muni bonds jumped through the roof. Top muni underwriters accounted for $267.51 billion in 7,310 deals, up from $239.33 billion in 6,406 transactions in the first nine months of 2018.

The U.S. economy’s loss of momentum isn’t severe enough to warrant a further reduction to interest rates, two hawkish Federal Reserve board members said.

The strength of the state’s credit profile, coupled with a supply-demand imbalance for tax-exempt bonds, has helped the state in the market, a new report says.

The municipal market continues to flex its muscles even as the U.S. economy seems to be slowing, which could lead to an even flatter yield curve.

Raymond James hired Paul Soma as a senior vice president. He will set up a public finance office in Traverse City.

New approaches to an often a vexing chore for muni issuers could break new ground in confronting climate change.

Municipal advisors can begin taking their principal exams in November.

The Big Apple was a big presence in the market on Thursday as it sold almost $1 billion of taxable and tax-exempt general obligation bonds.

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

The island's economic index "is approaching the behavior that existed prior to the hurricane.”

Issuers look for more options in their private placement deals amid conversation on broker dealers’ and municipal advisors’ roles.

Municipal bonds were on the move Wednesday as two big issuers came to market with over $1 billion of transportation bonds.

A lease agreement between Newark, New Jersey, and the Port Authority of New York and New Jersey will help fund debt service for the pipe replacements.

Assured Guaranty and two other bond insurers recently petitioned the Supreme Court to review an appellate court ruling involving the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

The $125 million deal is the first piece of a five-year plan to sell $1.3 billion of Garvees.

Hawaii moves ahead on plans to construct a new college football stadium amid concerns about declining attendance at college games.