Buy side

Solutions to the public pension funding crisis go beyond numbers crunching, said Manhattan Institute pension expert Daniel DiSalvo.

U.S. toll roads rated by Moody's Investors Service improved their finances in fiscal year 2014, the rating agency said.

Hillview, Ky.'s bankruptcy filing offers more evidence that municipalities increasingly consider filing for reorganization as a way to cure balance-sheet problems, according to Moody's Investors Service.

Municipal volume is forecast to plunge to the lowest in six months as end-of-summer holidays approach.

The Detroit suburb of Allen Park wants bondholders to sell back at par $31 million of bonds floated for a now-failed film studio that the city blames for a long financial decline.

Detroit snagged investment-grade ratings from Moody's Investors Service on its senior-lien water and sewer debt for the first time since before the city filed for bankruptcy.

Municipal bond funds saw cash redemptions in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $344.563 million of outflows in the week ended Aug. 26, after seeing inflows of $43.656 million in the previous week, Lipper reported.

In the week ended Aug. 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.40% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Hillview, Ky., filed for bankruptcy to stop interest accruing on an $11.4 million adverse judgment and will pay its $3.2 million of bond debt, said City Attorney Tammy Baker.

Moody's revised its outlook on the nonprofit health care sector to stable from negative, where it has been since 2008, citing significant gains in several key areas.

Buy-side analysts and strategists offered recovery solutions for Puerto Rico ranging from eligibility for Chapter 9 bankruptcy to Congressional intervention and economic reform.

Weekly volume is estimated to vault to $8.5 billion the week of Aug. 24 as mammoth sales from the New Jersey Economic Development Authority and the state of California sit atop the weekly slate, while a $750 million deal from the Puerto Rico Aqueduct and Sewer Authority looms on the day-to-day calendar.

Municipal bond funds saw inflows in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $43.656 million of inflows in the week ended Aug. 19, after seeing inflows of $11.087 million in the previous week, Lipper reported.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was three basis points higher to 4.40% for the week ended Aug. 20 from 4.37% in the previous week.

"Adventures in MuniLand," published by Cumberland Advisors Publishing and written by three of its senior staffers, is a 369-page guide that helps readers understand the changes that market endured during the seven-year period from the end of 2007 and the following financial crisis.

Municipal investors shouldn’t be preoccupied with fears about inflation, interest rates, or credit quality, according to municipal analysts and managers.

Puerto Rico Aqueduct & Sewer Authority's $750 million revenue bond sale, the largest deal on the coming week's primary calendar, promises to test the market's appetite for the island's high yield debt.

Fitch Ratings said 2014 hospital medians showed surprisingly strong results, while capital spending in the sector hit the lowest point in six years.

Municipal bond funds saw inflows in the latest week, according to the Lipper.

In the week ended August 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell by two basis points to 4.37% from 4.39% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.