Southeast

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

Municipal yields rose as much as five basis points on the long end, but the losses were not as pronounced as UST. Light dealer inventories and scarce secondary trading let munis outperform Treasuries.

As the week drew to a close, municipal bond market participants looked ahead to a smaller-than-usual supply slate dominated by revenue bond deals.

TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.

Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.

The Hampton Roads Bridge-Tunnel expansion is a "tailor-made" stimulus that will help offset the pandemic-spurred downturn, infrastructure experts say.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Long-term municipal bond volume is on pace to set a new record of yearly issuance, thanks in part to issuers rushing to market before the election and a continued taxable boom.

The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.