Investments

The Georgia Public Service Commission will determine if the twin reactor project at Plant Vogtle will go forward.

JPMorgan Securities won the week’s largest bond deal — Pennsylvania’s $974 million of general obligation bonds. In secondary trading, municipals were stronger at midday.

In a document rife with broken promises and misstatements about the muni market, the “Tax Reform” proposal beats up on the municipal bond market and state and local bond issuers to an extent never envisioned prior to the publication of that proposal.

Democrat Scott Stringer earned a second term by trouncing Republican Michel Faulkner.

Pennsylvania is set to hit the market with the week’s biggest offering — a $974 million competitive sale. Municipals were stronger, according to early trade data.

The top nine bond issues on ballots across the nation received approval from voters and the 10^th largest had 59.1% of the vote, with 60% needed, with slightly more than a quarter of the ballots counted.

Bill de Blasio won a second term as New York City mayor after a boisterous four-way bout that ended as many had expected — in a landslide victory.

The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.

The first of the week's new issuance rolled in on Tuesday as strengthening municipal bond prices allowed underwriters to cut yields on some of the day’s larger deals.

The Oklahoma governor urged lawmakers to end a six-week-long special session by closing a $215 million budget gap.

Gov. Rick Scott said his final budget will request $180 million in tax cuts.

A study says tolls on existing Interstates could make up for the loss of fuel tax revenue caused by more efficient vehicles.

The negative fund balance once totaled $138 million.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 3/4% coupon at a 1.750% high yield, a price of par.

The first of the week's new issuance starting to roll in on Tuesday, as top-rated municipal bonds were stronger.

The city still plans to refund its outstanding water debt under its own revenue bond credit.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.485% high yield, a price of 98.498500.

Cumberland County's debt management committee approved moving forward with the issuance of general obligation school bonds.

Municipals continued to strengthen as the first of the week's issuance starting to roll in on Tuesday, including the second biggest deal of the week.

Municipal yields were down by as many as seven basis points amid concern that tax reform may crimp supply.