Investments

The precarious footing of the West Clark Community Schools Corp. has led to the board rescinding its prior vote to use general obligation bonds to address immediate heating, ventilation, air-conditioning and safety needs across the district.

“Strengthened” financing agreements for the KFC Yum! Center debt, including longer taxpayer support, resulted in higher ratings.

According to underwriter HJ Sims, the deal will mark the largest fixed-rate bond issue for a life-plan community.

Westchester County’s triple-A rating may be at risk if the large New York suburban municipality fails to establish permanent revenue streams, according to S&P Global Ratings.

The muni market picked up right where it left off on Tuesday: with a steady stream of supply, the dilemma of how to beat tax reform and a weaker tone.

A longtime bond professional explains why he’s an understanding holder of Puerto Rico general obligation debt -- and angry investor in the island’s sales tax revenue bonds.

Issuers frantically go to market to get deals done while they still can — as the tax bill continues the long path to becoming law.

The state will sell $499 million various purpose GO refunding bonds.

The muni market was buzzing with activity on Tuesday, as issuers rushed to sell bonds that may no longer be allowed next year.

Sen. Bernie Sanders, I-Vt., introduced a comprehensive support bill for Puerto Rico and the U.S. Virgin Islands Tuesday, calculated to cost up to $146 billion.

Moody's Investors Service cited fund balance discipline as it upgraded Burlington to A2.

Franklin County, Tenn., officials recently approved an almost $8 million bond issue to fund a long-awaited expansion of the county's jail.

City officials are trying to determine if Pullman's two bond proposals on the November ballot have passed or failed.

City Auditor Hugh Dorrian steered Columbus away from complicated debt instruments and protected its triple-A bond ratings.

Bond lawyers are weighing how they should approach certain muni deals.

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

A busy week got started Tuesday, with deals flowing in as the specter of tax reform plagues the primary municipal market and issuers rush to market with sales that may no longer be allowed next year, creating an opportunity for buyers.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.230% high yield, a price of 99.806914.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.170% high yield, a price of 99.909000.

The Pennsylvania Higher Educational Facilities Authority and the state of Wisconsin are coming to market on Tuesday as municipal bond traders eye tax reform developments in Washington.