Investments

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

A fear of the end of private activity bond tax-exemption led some sector issuance to surge in 2017.

Even though interest rates have not risen as fast as the bond insurance industry hoped for, and 2017 saw the contraction of an active insurer, the bond insurance wrap remains relatively stable in terms of market share.

Volume of $48.05 billion indicated a strong short-term need on both the buy-side and sell side of the municipal market.

Long-term issuance in the municipal market virtually matched its record high set in 2016, against the backdrop of tax reform that produced an end-of-year flood of volume, but the outlook for 2018 is less rosy.

Comptroller Scott Stringer said the budget cushion in Mayor Bill de Blasio’s preliminary fiscal 2019 budget is inadequate to ward off any problems as New York's economic expansion slows.

Market sources say the week's deals will be `well received,' while a new report cast doubt on prospects for a near-term supply pickup.

The director of the Honolulu transit project offered to forego $3.8 million.

The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.

Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.

Buyers will vie for about $4.8 billion of bonds next week.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.

Investors should minimize risk, upgrade quality, and remain defensive awaiting higher rates and price discovery, according to analyst reports this week.

In the week ended Feb. 22, the Bond Buyer's yield indexes gain from one to two basis points.

Moody's says the decision is another sign of fiscal stress.

Financial advisor and attorney Calvin Grigsby vowed to appeal a judge's ruling finding that his former client has absolute immunity from lawsuits.

New York City had little difficulty completing over $1 billion of bond sales in competitive and negotiated deals on Thursday, even amid concern over rising interest rates.

A plan that passed the state House would divvy up $175 million among state and local governments.

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

The merger would create the fifth-largest Catholic health system in the country.