News and Information from Bond Buyer

With parking revenue under fire from services like Uber and Lyft, large airports are turning to technology to make their lots more competitive.

Municipal investors have been supply starved but will get just what the doctor ordered; a nice big dose of supply. The mini surge will feature two billion dollar deals – one of the high grade variety and the other more of a high yield deal. With volatility in the atmosphere and big deals few and far between, investors should jump to grab the paper since who knows when the next big deal is coming.

While the current economic situation can be called “unique,” Federal Reserve Bank of San Francisco researchers believe the yield curve inverting would signal an upcoming slowdown.

Municipals were sleepy on Monday, typical for the asset class after a quiet trading session on Friday where they outperformed Treasuries; some investors were looking ahead to the upcoming week’s supply, led by a pair of billion dollar deals from California and Oklahoma issuers.

The acquisition by the national giant is the latest in a nonprofit healthcare consolidation wave.

The U.S. services sector expanded at a slower pace in February as the non-manufacturing index fell to 59.5 from 59.9 in January.

The Securities Exchange Commission and the former town attorney for Oyster Bay, N.Y. have agreed to a proposed settlement of SEC charges.

Investors will be rewarded for their patience with the year's biggest weekly issuance calendar, including a deal from the market's No. 1 issuer.

The cost of certification and disclosure requirements over the life of the bonds are cited as potential holdups.

A former Cook County, Ill. board member is replacing leader of tollway agency whose headed to the Illinois Sports Facilities Authority

The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.

Bipartisan bills pending in the House and Senate would allow private activity bonds to be used for state and local government buildings.

Changes to return assumptions ease short-term budget pressure while lowering funding for the state pension system.

While the mood remained tentative on the last day of the week, the municipal market looks forward to the upcoming $7.5 billion of new supply headed its way.

Pittsburgh, whose bonds were junk in 2003, has become a national model for urban rejuvenation.

The University of Michigan's final February consumer sentiment index reading was 99.7, compared to the preliminary February 99.9 and the final January 95.7, according to market sources.

The New York economy is expanding, but February’s pace was much slower than January’s.

In the week ended March 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

Municipal bonds held firm Thursday as one trader urged buyers to find opportunities by using an old basketball offensive philosophy.