Investments

The Treasury Department Monday sold $50 billion 37-day cash management bills at a 1.030% high tender rate.

The statewide total exceeds the previous record of $9.1 billion in November 2015.

Municipal bonds were little changed in midday activity as the market gets ready to see nearly $7 billion of new paper.

The Federal Open Market Committee meets in Washington this week amid uncertainty over who will lead the Central Bank. What do higher interest rates and a possible new Fed head this mean for the municipal bond market going forward?

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday, as the three-months incurred a 1.130% high rate, up from 1.105% the prior week, and the six-months incurred a 1.260% high rate, up from 1.245% the week before.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills Tuesday.

Municipals were little changed in early activity as the market gets ready to see almost $7 billion of new paper come its way this week, led by issuers from Virginia and Maryland.

Puerto Rico plans to cancel a $300 million contract to rebuild the hurricane-ravaged electrical grid that went to a tiny company based in Interior Secretary Ryan Zinke’s Montana hometown, the head of the island’s power utility said.

Chicago Public Schools got a boost to BB-minus as the district readies a new money and refunding deal.

The Federal Emergency Management Agency said it has "significant concerns with how PREPA procured this contract and has not confirmed whether the contract prices are reasonable.”

Municipal bonds ended unchanged on Friday as the market geared up for a more manageable new issue calendar, led by Montgomery Co., Md., and the Virginia Small Business Financing Authority.

Cash and other resources comfortably exceed its potential liabilities, according to he Florida Hurricane Catastrophe Fund.

The Teachers' Retirement System saw double-digit investment returns but its unfunded tab grew.

The Santa Fe Community College Governing Board on Wednesday unanimously approved a plan to hold a joint election with Santa Fe Public Schools, in which voters will be asked to renew a combined $95 million worth of bonds for campus improvements.

Growth in airports, ports and toll road sectors was strong in the first half of this year.

Gainesville Regional Utilities received $3 billion in orders for $416 million of tax-exempt bonds.

County lawmakers' proposal to remove $60 million in fee increases might run afoul of a New York State fiscal monitoring board.

San Diego, having established the gold standard for disclosure on its website, finds the market now uses EMMA as the primary source of information.

Municipal bonds were unchanged at mid-session, according to traders, who are looking ahead to the next week's $6.7 billion new issue slate, which will be headlined by big offerings from Virginia and Maryland Issuers.

A constitutional convention could set the stage for debates about state borrowing limits and local revenue-raising powers.