Investments

The board approved a resolution and proclamation of a school bond election in 2018, which will ask voters to approve general obligation bonds up to $10 million.

Pasco School District officials will have to wait on the edge of their seats a little longer to learn the fate of a $99.5 million bond.

The Moscow City Council directed city staff to begin preparing a major public facilities bond proposal for the May ballot.

The California Debt Limit Allocation Committee wants to allocate $900 million in remaining private activity bond capacity.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.130% high yield, a price of 99.915250.

It's the second try for Connecticut's capital city, which last year fired a contractor over cost overruns and delays.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. The green bonds were offered to retail buyers on Monday, who ordered about $770 million of the bonds, according to a market source.

As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.

The impact of tax reform is on the minds of all participants in the municipal bond market. The Bond Buyer’s Washington Bureau Chief Lynn Hume joins Contributing Editor John Hallacy in breaking down what the House and Senate plans will mean for state and local governments as well as the effect it will have on underwriters and dealers, bond counsel and financial advisors. Hosted by Chip Barnett.

The MTA offered $2.2 billion of green bonds to retail buyers, looking to save on borrowing costs with a type of sale that may be banned under pending tax legislation.

Puerto Rico’s government announced it would pay its annual Christmas bonus to workers this year.

The council said the delay to Nov. 27 would buy more time for newly elected council members to weigh in on an amended version of a 30-year deal with Great Lakes Water Authority.

The Puerto Rico Electric Power Authority governing board said it was gathering a Transformation Advisory Council of utility industry leaders.

October revenue jumped $231 million compared to a year ago.

Senate President Dominick J. Ruggerio expects rewritten stadium-financing legislation to direct more revenue from a new PawSox ballpark to the City of Pawtucket to protect its ability to pay off the debt the city would incur to help build at the Apex department store site.

If the debate leading up to a Wessington Springs School District bond election is any indication, residents can expect a close race when polls close Nov. 28.

The New York Metropolitan Transportation Authority’s $2.2 billion deal was offered to retail buyers. In secondary trading, municipals were trading mixed at mid-session.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Tender rates for the Treasury Department's latest 90-day and 181-day discount bills were higher on Monday, as the three-months incurred a 1.285% high rate, up from 1.240% the prior week, and the six-months incurred a 1.415% high rate, up from 1.360% the week before.

With the future of advance refundings and private activity bonds up in the air, the New York Metropolitan Transportation Authority has decided to take action and advance refund debt while they still can. Given the uncertainty, the MTA’s move could be repeated by many other issuers in position to do so, elevating issuance for the rest of the year.