Investments

State officials say they won't permit unlimited short-term borrowing.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

The municipal bond market is looking at a smaller than average bond calendar this week, which will be dominated by the short-term note sector.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The development sector grew by 36% and public facilities climbed by 11%, making them the sectors that grew by the largest percentage in the first half of the year. The sectors with the biggest declines were electric power at 55% and utilities at 23%.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Short-term note issuance rose less than 5% in the first half of 2017 as municipalities relies less on cash flow needs.

Although market conditions and a still relatively low interest rate environment continue to hamper the bond insurance industry, there continue to be encouraging signs including a slight uptick in the insurance penetration rate.

Some see the collapse of President Trump’s infrastructure council as good for municipal bonds.

The $560 million deal is expected to sell later this month.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

The governor's adjustment protects the state's neediest districts but hits others hard.

WINDHAM, Conn. — The board of finance Wednesday gave its seal of approval for a $112.3 million appropriation and bonding for the Windham High School building project.

Victoria school board members agreed late Thursday night to ask voters in November to approve a $141.2 million capital improvement plan.

After pondering — and in some cases wrestling — with the proposed bond issue, the Ector County Independent School District Board of Trustees approved calling a Nov. 7 bond issue election for $291,172,291 during a special meeting Thursday.

The region's slipping volume reflected a national trend.

Ipreo estimates total bond volume for next week at $4 billion, down from a revised total of $5.9 billion this week, according to data from Thomson Reuters. Next week’s calculations do not include note sales.

The Leander, Texas, school board Thursday night unanimously approved putting before voters in November a $454 million bond package, the first in 10 years.

The State Bond Commission Thursday gave authority to start seeking loans on the second phase of a massive LSU project that includes a mixed-use development on Nicholson Drive and tearing down 52-year-old Kirby Smith Hall dormitory.

Mineral Wells City Council, Texas, on Tuesday unanimously set Nov. 7 as the day residents can decide the outcomes of three proposed capital improvement projects.