Capital markets

Municipal bond volume dropped for a fourth straight month in May, falling 19.8% from a year earlier as new money deals failed to take up the slack from a plunge in refundings.

Wayne County, Michigan hopes to parlay positive credit news into savings on an upcoming jail project issue.

New Jersey Economic Development Authority cigarette tax bonds were revised to negative by S&P Global Ratings.

An 11-year decrease in Kentucky's workforce upended a key formula underpinning its pension system.

Hartford, Conn.’s Ba2 rating is under review for a downgrade, said Moody's Investors Service.

New York's mayor and comptroller will vote to bar the city from entering into new contracts with Wells Fargo.

Prospects are bleak for a breakthrough on Illinois’ two-year-old state budget stalemate.

A court heard Scranton's arguments against a lawsuit challenging an increase to the local services tax.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

The Bond Buyer presents a special Memorial Day podcast with three U.S. military veterans who are now working in munis. Matthew Murawski of Drexel Hamilton, Steve Kay of Academy Securities, and Jonathan Herrick of Mischler Financial Group talk about their lives and careers, their introduction into the world of public finance and their advice for service men and women looking to enter municipal finance field. Hosted by Chip Barnett.

Municipal supply is set to drop to less than $5 billion after the long weekend as the market struggles with a lack of supply.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

New York City Council members chided Mayor Bill de Blasio for misaligned capital commitments.

S&P Global Ratings raised its long-term rating and underlying rating to 'AA+' from 'AA' on Cleveland's limited-tax general obligation (GO) bonds.

Atlantic City hit the bond market for the first time since a late 2016 state takeover Wednesday.

A Connecticut town is enhancing its disclosure practices through new technology.

Connecticut Gov. Dannel Malloy released a framework to reshape contracts with state employee unions.

Illinois still has time to solve its budget ills, according to Fitch Ratings.

Illinois faces swap terminations and higher floating-rate costs if its ratings sink much further.

Moody's Investors Service has upgraded the St. Louis Art Museum's (MO) (SLAM) Issuer Rating to Aa2, reflecting excellent fiscal management contributing to superior cash flow and reserve growth.