Investments

New Jersey’s shift toward giving firefighters and police officers control of their pension fund decisions may hamstring future efforts to control benefit costs, according to Moody’s Investors Service.

S&P is the second ratings service to warn of possible downgrade because of the system's growing debt burden.

The MSRB is hurrying to release multiple rounds of guidance on its pending muni advisor advertising rule, but industry groups say the first round could use some polish.

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

The West Virginia Parkways Authority prices senior lien turnpike toll revenue bonds Tuesday as part of the state’s Roads to Prosperity Program.

San Antonio has weathered a decade of stress on the federal funding and energy fronts.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

Some big deals are heading into the municipal bond marketplace this week as sales from a convention center in Washington state and the state of Maryland will be offered to buyers still flush with cash from the June-July redemption period.

But Eduardo Bhatia, minority leader of the Puerto Rico Senate, said he welcomes the proposal for $7.5 billion in debt relief.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The rating is one level below Advocate's existing rating and two higher than Aurora's.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

The county anticipates pricing for the week of Aug. 6th.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

The bond will help with housing recovery in the city that lost 4,600 homes to a wildfire.

Bank director Sarah Riordan said the alleged misconduct did not involve any bond funds.

Vicki Fuller is retiring after six years as the state pension fund’s chief investment officer.

The resource document the MSRB released Thursday is designed to help dealers comply with rule changes on markup disclosures to retail investors that took effect on May 14.