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Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

Muni market groups claimed victory after federal banking regulators moved to treat munis like all other types of Level 2B HQLA.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported slightly weaker activity in August.

Federal Reserve Bank of Kansas City President Esther George favors two additional interest rate increases this year.

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.

Governor rejects ending Christmas Bonus or cutting pensions.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.

A report on cyber-related risks released Wednesday by S&P Global warned that “a successful attack on an entity with limited resources could have a credit impact.”

The state is still measuring tax revenue from sports betting in the thousands of dollars.

The region's volume numbers were supported by favorable market conditions that drove several large gas prepay deals.

U.S. central bankers are ready to raise interest rates again so long as the economy stays on track, according to a record of the Federal Reserve's most recent policy meeting.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

The commonwealth also intends to offer $765 million of GO bonds and $160 million of Clean Water Trust bonds.

Two of three sales in Connecticut’s recent bond offering set record retail orders, said state Treasurer Denise Nappier, while spreads continued to drop.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

The measure, which may be on the ballot in 2020, would lift the Proposition 13 limit on commercial property tax assessments.

The report aims to answer how the debt problem developed and to make recommendations to prevent such a problem from ever arising again in Puerto Rico.