Investments

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98%, from 3.99% last week.

The offering follows the resolution of legal challenges to toll rate increases.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Lower-rated issuers like Puerto Rico have been slower to rebound from past natural disasters, municipal analysts said.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $583 million sale.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

Newly issued Treasury securities held in stripped form increased about $3.212 billion in August to a total of $254.293 billion, the Bureau of the Public Debt reported Thursday.

Public retirement plans are walking a tightrope with high-yield return strategies, Moody's said.

Long before it was named after the Ilitch family's pizza chain or the Pistons agreed to join the Red Wings in playing there, the new downtown arena was expected to cost $450 million.

Gov. Jim Justice urged residents in a Wednesday evening town hall in Beckley to support the road bond referendum this fall that would create $1.6 billion in funds to upgrade the state's roads and bridges.

The action by the University of the Sciences in Philadelphia is a response to enrollment challenges.

A Lackawanna County court has scheduled another hearing for Monday on a challenge to Scranton's ability to collect certain local taxes.

It will be the organization's first annual conference outside of Chicago.

Top-rated municipal bonds were stronger at mid-session, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $554 million sale.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.

The Democratic mayoral candidates debated the city's resilience level as more hurricane activity looms.

The storms force us to consider the value of public assets in everyday life, the prospects for rebuilding with municipal financing, and the effects on credit quality.

Municipal bond traders are set to see the week’s largest deal come to market on Thursday — the New Jersey Economic Development Authority’s $595 million offering.

Assured Guaranty Municipal Corp., a subsidiary of Assured Guaranty Ltd., and Wasmer, Schroeder & Company announced the closing of AGM's acquisition of a minority interest in WSC on Wednesday.