State of Connecticut

Aid to Hartford, in light of Connecticut’s assumption of city GO debt over 20 years, has become a lightning rod.

The Connecticut Housing Finance Authority expects to finance 695 mortgages for first-time home buyers through its planned $118 million issuance of fixed-rate bonds.

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Hartford Mayor Luke Bronin struck a guardedly optimistic tone as he released a $567.3 million budget plan.

The rating actions came after the state agreed to assume the city's GO debt.

The bonds will finance projects in the UConn 2000 Infrastructure Improvement Program, a $4.6 billion, 32-year initiative.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

The influx of volume may give the boost that's needed to jump-start the primary market.

Proponents call the move the right medicine for ailing Connecticut, while opponents say the measures are overly restrictive.

Restructuring expert Michael Imber says momentum is building for such a strategy, which he says could improve the state's funding ratio.

The municipal bond market will see almost $7.9 billion of new deals head their way next week, as New Jersey tobacco's dominate the calendar.

The municipal market was winding up the week on a tentative note as Connecticut offered its general obligations to institutional investors.

Municipal bond buyers were getting a piece of Connecticut's general obligation bond deal on Wednesday.

Municipal traders said the market was slightly firmer on Tuesday, though a lack of new supply was still curtailing opportunity for investors.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

Municipal bond buyers are seeing some supply hit the market on Tuesday as they look ahead to next week for the biggest deal of the year to date.

As muni investors looked ahead to another week of limited supply, a report from BlackRock recommended taking a flexible strategy.

The municipal bond market on Monday is eyeing this week's small holiday calendar of new issues, which is dominated by taxable deals.

Municipals will see yet another week of sub-$4 billion issuance, as taxables take the top spot on the calendar.