State of Connecticut

While Gov. Dannel Malloy and lawmakers study recommendations from a state panel, Nuveen warned that the state’s bond rating could plummet further.

“We’re getting our ass kicked," the Gov. Dannel Malloy said, pitching a widening of the state's most congested highway.

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

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

Working amid uncertainty in the equity and fixed-income markets, the Connecticut Housing Finance Authority held an oversubscribed fixed-rate bond sale.

Still dusting themselves off from last year’s budget chaos, Gov. Dannel Malloy and Connecticut lawmakers reconvene to grasp a glaring transportation fund crisis.

Wednesday's sales of Chicago's Sales Tax Securitization Corp. taxables and Connecticut’s special tax obligation bonds underscored the increasing prevalence of special obligation offerings.

Technology has changed the muni market, but a complete restructuring of how bonds come to market is expected by analysts.

Municipal and Treasury bonds weakened as stocks surged to record highs in early trading.

The Sales Tax Securitization Corp.’s second offering faced a tougher market environment.