Investments

Municipal bond yields continued to rise as issuers in California, Ohio, Virginia, Florida and the District of Columbia poured deals into the market.

The Puerto Rico Electric Power Authority named 11 experts in grid reliability and restoration to a senior-level advisory council, part of a long-term effort to improve service, lower costs, and reduce prices.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

The Treasury Department on Tuesday auctioned $12 billion of re-opened 30-year bonds with a 2 3/4% coupon at a 2.804% high yield, a price of 98.908728.

Atlantic City's declining gambling market that contributed to a near default on city finances last year is poised for a slight comeback with the shuttered Revel Casino Hotel slated to reopen next year under new ownership.

Siebert Cisneros Shank & Co. hired James Terry to manage the growing demand for public school financing in Texas, the firm said.

Variables range from the effect of the federal tax bill on advance bond refundings to external support for a subway improvement plan.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.240% high yield, a price of 99.903556.

Bill Glasgall of the Volcker Alliance in New York breaks down his organization’s report card on how the states manage budgeting, legacy costs and transparency. Hosted by Paul Burton and Chip Barnett.

Weak asset performance and inadequate contributions by some local governments have contributed to a 6% increase in liability burdens, Fitch Ratings said.

The municipal bond market will continue to see supply flood in, with several large deals set for Tuesday including the University of California and the New Jersey Turnpike's bond offerings.

Mismanagement at the Philadelphia Parking Authority cost the city’s school district nearly $78 million over the past five years, according to the state auditor.

The deal includes $524 million to refund outstanding debt.

An Ascension and Providence St. Joseph merger would surpass for-profit HCA Healthcare.

Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

Transportation officials want tax reform to include funding for the Highway Trust Fund and infrastructure as part of the larger package.

Chief Executive Officer Forrest Claypool will step down at the after being accused of lying and engaging in a cover-up of an ethics probe of a top aide.

The structure the airport used combines the advantages of a bond issue with those of a private bank loan, an official said.