City of New York, NY

The rating agency lowered GO and other credits, citing the effects of the coronavirus.

The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.

Thirty-four more S&P 100 companies will publicly disclose the composition of their workforce by race, ethnicity and gender, NYC Comptroller Scott Stringer said Monday.

While Scott Stringer and Eric Adams now top list of successors to Bill de Blasio, the political dynamic may have changed in the wake of social justice protests and the COVID-19 pandemic.

Mayor Bill de Blasio expanded furloughs to all managerial and non-represented employees while City Hall also faces an alarming coronavirus spike in some neighborhoods.

Family emotions, union pushback, fears of a new COVID-19 wave, cost drivers and data fluctuations are all at play as the city flip-flops on in-person education.

The move by New York's mayor could precede more citywide action in the absence of federal rescue aid or state-authorized long-term borrowing.

Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.

Any bonding to cover coronavirus-related budget gaps should come only with oversight from a reactivated state panel, the Citizens Budget Commission said.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.

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

More supply sold Thursday as the Chicago Transit Authority, the Austin ISD, Texas and Kern HSD, Calif., all came to market.

Munis continued to weaken with yields on the AAA scales rising by as much as three basis points.

New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.

Municipals turned weaker on the long end Tuesday as NYC's tax-exempt GOs were priced for retail investors.

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.

Municipals were steady to weaker, with yields up by as much as three basis points on the long end Thursday.

The mass transit agency, its finances reeling from the coronavirus, rejected bids from 10 different banks and sold $451 million of notes to the Municipal Liquidity Facility.

The level of Washington aid is but one yardstick for the fiscal soundness of the city-owned system, says the watchdog Independent Budget Office.