Investments

Joe Torsella cited the legislature's approval of a revenue package to balance the fiscal 2018 budget.

State-related and other schools are taking a good, hard look at their business models.

Municipals bonds are little changed in early activity as the market eyes next week’s new issue calendar, which is topped by big offerings from Virginia and Maryland Issuers.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 4.01% from 3.98% in the prior week.

Municipal bonds finished weaker on Thursday as issuers from Maryland and California sold over $1 billion of bonds by competitive bid.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Legislative leaders say the move will plug a $2.2 billion budget shortage and end a nearly five-month budget impasse.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

The Illinois Senate will attempt to override a veto of the Debt Transparency Act next month.

The bonds will refund debt the city sold in 2012 and 2013.

The city has amassed more than $95 billion in other post-employment obligations without any credible plan to pay it off, the report says.

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.280% high yield, a price of 99.806914.

Municipal bonds were unchanged at mid-session as issuers from Maryland and California were selling over $1.1 billion of bonds by competitive bid.

Quaker Valley school board members approved a $10 million bond resolution that district leaders would use toward purchasing land for a new high school.

As the county pursues a polarizing plan to partially demolish and restore the shuttered Coconut Grove Playhouse, the mayor of Miami is waiting to see if voters will hand him a $10 million monkey wrench.

Gov. Ricardo Rosselló called the board’s appointment of Noel Zamot illegal and said the Puerto Rico government would challenge it.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

The municipal bond market on Thursday is eyeing yields as the last of the week’s larger deals are slated to sell, with two big competitive offerings on tap.