Investments

Miami-Dade County is seeking proposals from firms to build a transit link across Biscayne Bay.

This week's new deals will price into a market that has seen declining yields as stocks and Treasuries have weathered market volatility.

The city's municipal expects $44 million of present-value savings in the $244 million deal to refund 2010 BABs.

The Bourne and Sagamore bridges over the Cape Cod Canal are functionally obsolete, according to their owner, the Army Corps of Engineers.

Administrative failures or a lack of understanding of the rule may be to blame.

Following suit with the issuers and underwriters, top muni financial advisors were outpacing business done to this point last year with $224.84 billion, up from $206.93 billion. The first three spots in the rankings remained the same for the big players, as the rest of the field saw a bevy of changes.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

Municipal underwriters saw increased business, as demand for muni bonds jumped through the roof. Top muni underwriters accounted for $267.51 billion in 7,310 deals, up from $239.33 billion in 6,406 transactions in the first nine months of 2018.

Taxable bonds are spiking with the lack of advanced refundings; Green bonds also take the spotlight.

The city is asking private operators interested in leasing Lambert Airport to submit their qualifications, a move likely to lead in to a bidding process.

The municipal market continues to flex its muscles even as the U.S. economy seems to be slowing, which could lead to an even flatter yield curve.

Greater Nanticoke Area School District has posted a legal notice of plans to float bonds in an amount "not to exceed" $17.5 million, to be used for "advanced refunding of the school district's outstanding general obligation bond." The move is projected to save about $600,000.

New approaches to an often a vexing chore for muni issuers could break new ground in confronting climate change.

Municipal advisors can begin taking their principal exams in November.

Fitch Ratings upgraded the district to BB-plus from BB-minus.

Fitch Ratings downgraded about $5 billino of AMP project revenue bonds.

The Big Apple was a big presence in the market on Thursday as it sold almost $1 billion of taxable and tax-exempt general obligation bonds.

Judge John Cooper’s decision could set the stage for an appeal in the Miami-Dade County Expressway Authority’s litigation.

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

The island's economic index "is approaching the behavior that existed prior to the hurricane.”