Southeast

Top-rated municipal bonds were weaker at midday, according to traders, as the first of this week’s new deals hit the screens on Tuesday.

Municipal bond traders are set to see the first of this week’s new deals hit the screens on Tuesday, led by deals from New York City and Tennessee issuers.

Hurricane Irma is the first test in many years for the bond-funded entities created to ensure Florida residents can obtain property insurance.

Top-quality municipal bonds ended weaker on Monday, according to traders, who were looking ahead to a $7.42 billion new issue slate dominated by deals from New York City and Maryland.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

Gov. Jim Justice urged residents in a Wednesday evening town hall in Beckley to support the road bond referendum this fall that would create $1.6 billion in funds to upgrade the state's roads and bridges.

The storms force us to consider the value of public assets in everyday life, the prospects for rebuilding with municipal financing, and the effects on credit quality.