Buy side

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased one basis point to 3.74% from 3.75% in the previous week.

PFM Asset Management LLC is celebrating its tenth year of providing clients with multi-asset class management services.

The largest African-American, Latino and woman-owned investment bank in the United States has changed its name to Siebert Cisneros Shank & Co., LLC, effective Monday, to reflect its ownership structure.

In the week ended Aug. 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 3.75% from 3.76% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Illinois’ largest retirement fund will review its assumed investment rate Friday amid a warning from Gov. Bruce Rauner’s administration that lowering it from 7.5% could have a “devastating” impact on funding for social services and education.

The transportation and utilities sectors grew by $7.9 billion in the first half of 2016 from a year earlier.

Short-term note issuance could continue to increase as the market awaits the Federal Reserve Board's eventual move to higher rates.

A California state appeals court ruling may open the window for governments to change the future benefits of existing employees.

The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private lockup sector, leaving bond-financed immigration detention centers untouched.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.