Southwest

Driverless cars raise questions about how California and its cities should solve transportation infrastructure problems.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

Rural governments continue to lose economic ground, according to a Moody's Investors Service report.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

New issues were well spoken for on Thursday as hungry investors with available cash participated in the largest deals of the week.