Investments

Municipal bond buyers grabbed general obligation bonds from California and New York City on Thursday.

Victor Quiroga Jr. previously was a vice president at Frost Bank.

Newly issued Treasury securities held in stripped form decreased about $1.197 billion in February.

A new Big Apple Transit agency would issue new debt for transit under City Council Speaker Corey Johnson's plan.

The House speaker wants a $2 billion school bond bill to fund capital needs, but the Senate's leader wants a pay-as-you-go approach.

Corey Johnson has called for wresting control of five-borough transit operations from the state-run Metropolitan Transportation Authority.

State Sen. John Moorlach's legislation would make California only the second state to adopt the machine-readable computer language for financial documents.

Gretchen Whitmer's first budget proposal would also provide a tax break for pension and retirement income.

The municipal market had offerings for both retail and institutional investors, as new paper starting flowing into a supply-starved market.

A wide variety of projects would be eligible under the bill, including airports, ports, transit, and more.

Some issuers were concerned about precedents they would be setting and questions underwriters could have regarding compliance with the amended rule.

The federal government ran an $8.7 billion surplus in January, the Treasury Department reported Tuesday.

The city will use about $1.8 billion of bonds to fund a new airport terminal in a project led by private partner Edgemoor Infrastructure & Real Estate.

In the first part of a two-part podcast, Emilie Mazzacurati, CEO of Four Twenty Seven, discusses the challenges financial firms and state and local governments face when it comes to climate change, adaptation and resilience. And in a second part, The Bond Buyer's Northeast Regional Editor Paul Burton chats about green bonds, climate change and resilience, and cybersecurity. Chip Barnett hosts.

The California Supreme Court left the so-called California Rule on pensions untouched in a ruling favoring the state's right to eliminate an "air time" benefit.

The municipal market is prepping to see $5.84 billion of new bonds, including the biggest deal of the year.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

An easier procedure for declaring when a reissuance occurs is among NABL's recommendations.

The ballot measure marks the first time the Ohio capital has asked voters to approve a dedicated affordable housing fund, for $50 million.

Mayor Martin Walsh allocated $150 million from the city budget to securities of companies with strong environmental, social and governance practices.