State of Connecticut

The state issued the notes in 2009 to cover operating expenses when its rainy-day fund was depleted.

As stocks surged and Treasuries swooned, municipal bond traders gauged the direction of yields as they looked ahead to what may be a downturn in issuance this year.

Municipal bond traders were returning to their desks on Tuesday with their eyes fixed on falling yields as they await a rather quiet primary market.

The municipal bond market will see a shortage of new supply kicking off the new year, after experiencing a record-breaking month in which almost $63 billion of bonds sold.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.

In an unusually busy Monday, municipal bond issuers tried to beat the clock and complete sales ahead of the impending tax reform.

A limited tax base and heavy legacy obligations have hamstrung the city, according to the rating agency.

Now that the uncertainty of tax legislation and how it relates to munis is gone, market participants can focus on the upcoming calendar — as it will most likely be the last big supply week for a while, with Christmas and New Year’s right around the corner.

The final tax bill released late Friday afternoon saved private activity bonds but advance refunding bonds will disappear.

As the exact language of the final tax legislation looms, municipal market participants eager wait to see how it pertains to private activity bonds, there will be $11 billion of issuance awaits as issuers make one final push.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

Urban planners argue for the unlocking of public assets through an asset trust, an idea largely untested in the U.S.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.

Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

The municipal bond market saw the first of the week’s big offerings hit the screens on Monday, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

The municipal bond market will see a second week of hefty supply, with almost $22 billion of new deals lining up for sale.

Only weeks after Gov. Dannel Malloy signed a fiscal 2018 budget, the state has a new round of fiscal crises.

The Regional Plan Association recommends congestion pricing, infrastructure banks, public benefit corporations, a regional rail system and an end to 24-hour New York subway service.

Thomas Hamilton, Scott Jackson and Jay Nolan will join the nascent board that will intervene in and assist with municipal distress cases.