Investments

After a hectic day on Tuesday, the municipal bond market will see a lull in issuance with only two major deals slated to hit the screens on Wednesday.

The judge in the Puerto Rico Title III bankruptcy cases is scheduled to weigh motions by Puerto Rico Electric Power Authority and Puerto Rico Sales Tax Finance Corp. (COFINA) bondholders at a hearing Wednesday.

Changes to FAA reauthorization bill could add billions of dollars to final cost, House Dems say.

Top-rated municipal bonds finished mixed on Tuesday, traders said, as a New York City issuer sold over $1.5 billion in six competitive offerings.

Funding requirements will "escalate significantly" in coming years, Moody's said.

John Sugden reflected on his 15-year career as an analyst and pension expert for S&P Global Ratings.

The rating boost from Moody’s Investors Service came ahead of a $250 million bond sale.

The rules would be overly burdensome, restrictive, costly, and would hamper infrastructure projects.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.520% high yield, a price of 99.941564.

A debt issue to reduce its mountain of unpaid bills is stuck in Illinois' political divide.

Top-rated municipal bonds were mixed at mid-session, traders said, as a New York issuer sold about $1.5 billion in six competitive offerings.

The Sherman Independent School District's board of trustees held a special meeting Monday night at which the group approved a $1.44 per $100 valuation property tax rate for the year and got its first look at the $170-million-plus bond packages developed by the Citizens Advisory Committee.

Grand Haven city officials have signed a bond sale agreement that is expected to save city residents money on interest payments related to the repayment of the 2008 voter-approved infrastructure bond.

The Ohio Secretary of State's Office has approved the ballot language for the Meigs County Sheriff's Office and Correctional Facility levy, with the intent to issue bonds, for placement on the November general election ballot.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.985% high yield, a price of 99.923389.

The Norwich City Council voted unanimously Monday to send an ordinance appropriating $5 million in bond money for infrastructure improvements to referendum.

Houston's $495 million bond package will fund library repairs, park upgrades and new police and fire vehicles.

The City Council voted unanimously to allow city officials to bond out as much as $3 million more to pay for cost overruns of what is now Portsmouth's $26.2 million second municipal parking garage.

Peter DeGroot, Strategist and Head of Municipal Research at JPMorgan, joins us to discuss his views on the municipal market for the second half from both the technical and credit aspects. Hosted by John Hallacy.

The subway crisis could change the political landscape, New York's mayor says.