Port Authority of New York & New Jersey

Municipal bond buyers saw the last of the week’s big deals come to market.

While munis turned in a mostly solid performance on Monday, a Charles Schwab & Co. report said they are less likely to outperform Treasurys in the second half.

The Hudson Tunnel project would provide passengers traveling along Amtrak’s North East Corridor and NJ Transit commuters who work in Manhattan with a reliable link to replace a more than 100-year-old tunnel that was damaged by Hurricane Sandy.

The measure provides the Port Authority of New York and New Jersey with multiple options to construct the elevated train service.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

Munis will see more than $5 billion of new supply, with the Federal Open Market Committee set to meet next week and raise interest rates again.

Municipal bond buyers will see a smaller-than-average new issue calendar as issuers remain cautious ahead of the Federal Reserve's monetary policy meeting

Municipal bonds were weaker Tuesday as Illinois sold $500 million of bonds and the N.Y.&N.J. Port Authority deal was priced.

The recent performance of munis has reset relative valuations to more attractive levels, according to BlackRock's Peter Hayes.

Municipal bond buyers had a wide variety of offerings to choose from on Tuesday.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

U.S. Transportation Secretary Elaine Chao heard bipartisan criticism from lawmakers for the administration’s failure to fully fund the Highway Trust Fund and was told the White House plan for privatizing the Federal Aviation Administration won’t pass Congress.

The proposed dual-track rail tunnel connecting New Jersey and Manhattan is opposed by President Trump even though the White House says it is expediting approval of major infrastructure projects.

The Port Authority of New York and New Jersey’s planned $10 billion redevelopment of John F. Kennedy International Airport is beginning to take shape.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

The Port Authority of New York and New Jersey is spending more than $364 million on the tunnel.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

The planned $12.7 billion billion project for a new dual-track rail tunnel linking New York City and New Jersey got the cold shoulder in President Trump’s $1.5 trillion proposal.

Ohio businessman Dan Slane said his list of 50 emergency and national security projects is "going nowhere."