Capital markets

In the week ended July 6, the average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.09% from 4.05% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Pennsylvania’s budget inaction landed the state on credit watch with negative implications.

Rhode Island’s fiscal 2018 budget is in no-man’s land amid a dispute between the Senate and House.

Illinois could still see its rating cut to junk, as Moody's raises concerns over the shortcomings of a partisan budget deal.

One week after National Public Finance Guarantee was downgraded two-notches by S&P Global Ratings, the bond insurer laid off 29 employees, slashing all of the new-business team.

SANTA FE, N.M. — New Mexico appears to have dodged -- at least for now -- an additional downgrade to its bond rating, though a national credit rating agency warned that the state still faces deep-rooted economic challenges.

Fitch Ratings said has downgraded the rating on the Puerto Rico Sales Tax Financing Corporation (COFINA) $6.3 billion senior lien sales tax revenue bonds and $8.9 billion first subordinate lien sales tax revenue bonds to D from C.

With the first half of the year officially in the books, we take a look at long-term municipal bond issuance.

Baker, lawmakers must hash out FY18 plan

Issuance is forecast to screech almost to a halt during the July 4th holiday shortened week.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Muni analysts pointed to June's uptick in volume as a sign that issuance may start to rebound.

A skeletal $32 billion fiscal 2018 Pennsylvania budget was scheduled to make its way through the Senate.

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices rose one basis point to 4.05% from the previous week's 4.04%.

The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales before a worsening fiscal crisis sent it hurtling toward bankruptcy.

Chances of an on-time Connecticut spending plan faded.

Illinois House Democrats laid out a $36.5 billion fiscal 2018 spending plan.

R. Seelaus & Co. said Quentin Murray would join the firm as head of sales and trading after spending the past four years at Stifel Nicholas.