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Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

A huge surplus and strong state economy could drive demand for the upcoming $989 million offering.

While flattening yield curves may signal a rising risk for recession, the curve that has proven most accurate in foretelling a downturn is far from inverting.

The municipal bond market will see under $4 billion of new paper to close out the month and market participants remain hopeful volume will spike in September and stay strong into the fall.

Texas factory activity growth, as measured by the production index, “maintained its strong momentum in August.”

The Chicago Fed National Activity Index for July declined to 0.13 from an upwardly revised 0.48 in June.

A COFINA bondholder group welcomed the plan as a step toward consummating the COFINA restructuring agreement-in-principal.

S&P Global Ratings revised its outlook on the state’s general obligation bond rating to stable from negative and affirmed its AA-minus rating.

Municipal bond buyers will get another chance to get some Massachusetts and Texas paper as both issuers head into the market.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

DASNY finished the first half of 2018 as the nation’s second largest issuer with $3.2 billion in bonds sold.

Massachusetts and Texas will be in the market next week as the unofficial summer season winds down during the last week before Labor Day.

Federal Reserve Bank of Cleveland President Loretta Mester said the case for raising interest rates is “pretty compelling” given the economy’s strength.

At the moment, gradual rate hikes remain appropriate, given no signs that inflation will accelerate beyond 2%, despite broad risk factors.

Federal Reserve Bank of St. Louis President James Bullard said the Fed should heed the signals from the bond market.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

James J. O'Neil received a 12-month suspension from the market for his role in the flipping and kickback scheme.

President Trump's nominee Elad Roisman is a step closer to becoming an SEC commissioner.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.

Keely Bosler will take the helm at the department, replacing Michael Cohen.