Investments

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Top quality municipal bonds finished weaker on Wednesday, traders said, as more large deals hit their screens.

The Southeast must reassess risk after Hurricane Irma, according to a disaster recovery expert who forsees long-term impacts on state and federal policy.

Longtime bond attorney Jeremy A. Spector has retired as executive director for the New Jersey Educational Facilities Authority after nearly two years leading the higher education conduit issuer through record volume.

The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.

The Treasury Department Wednesday auctioned $12 billion of 29-year 11-month bonds with a 2 3/4% coupon at a 2.790% high yield, a price of 99.189503.

Top-quality municipal bonds were weaker at mid-session, traders said, as the market is seeing more deals hit the screens.

Continued lack of a budget will mean a spending freeze and further rating agency backlash.

The municipal bond market will see more deals hit the screens on Wednesday, led by a big Maryland competitive sale and a second day of retail orders for the New York City offering.

The MSRB encourages municipal bond issuers to make information available to all.

August revenues exceeded budget projections by $343.7 million.

Top-rated municipal bonds ended weaker on Tuesday, according to traders, as the first of this week’s new deals hit the screens, led by sales from New York City and Louisiana.

One lawyer called the bankruptcy judge’s ruling a "victory in the Oversight Board's effort to destroy all bondholder liens in Puerto Rico."

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

The bill passed by the Senate to protect Puerto Rican investors is like one pending in the House.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

A bill to strengthen consumer protections for Property Assessed Clean Energy financing programs is headed to the governor’s desk.

Local officials worry about revenue sharing, tax-exemption of munis, online sales taxes.

The Teachers Retirement System issued a warning after state budget changes lowered this year's contribution to the fund.