Capital markets

Primary market volume in California and the Far West region rose in the first half even as the national figure was down.

The former New York State Environmental Facilities Corp. chief financial officer will head fixed income capital markets for the firm.

The Indiana land-grant university is buying out Kaplan, a for-profit distance learning enterprise.

East Jefferson General Hospital’s bonds were downgraded to B3 from Ba3 by Moody's Investors Service.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

S&P cited benefits such a borrowing would offer Illinois.

The district faces growing enrollment amid shrinking financial support.

The city priced refunding bonds for Philadelphia Gas Works.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

State officials say they won't permit unlimited short-term borrowing.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Short-term note issuance rose less than 5% in the first half of 2017 as municipalities relies less on cash flow needs.

Although market conditions and a still relatively low interest rate environment continue to hamper the bond insurance industry, there continue to be encouraging signs including a slight uptick in the insurance penetration rate.

The $560 million deal is expected to sell later this month.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

The governor's adjustment protects the state's neediest districts but hits others hard.

The region's slipping volume reflected a national trend.

Top-rated municipal bonds ended mixed on Thursday, traders said, as the last big deals of the week came to market.