Investments

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.

About $2.5 billion of bonds are coming from just two issuers on Tuesday, as the market gears up for big competitive sales from New York and a large negotiated deal out of Ohio amid various other deals from around the country.

The New York mayor and his supporters must shepherd the bill through Albany.

Moody's Investors Service has upgraded to Aa2 from Aa3 the long-term joint support letter of credit (LOC)-backed ratings of the City of Philadelphia, Pennsylvania Gas Works (PGW) Revenue Refunding Bonds.

Puerto Rico’s June economic activity declined 0.5% compared to May and 2.1% compared to a year earlier.

Philadelphia’s sin and sweet taxes yielded Pennsylvania’s largest city more than $500 million in revenue over the last five years, according to a new economic report.

Top quality municipal bonds finished mixed on Monday, according to traders as the first of the week’s big new issues came to market out of the Midwest.

Port Houston has lost one of its three triple-A ratings due to legal and technical issues, but business prospects remain strong, port officials say.

The City Colleges of Chicago budget won the Civic Federation's endorsement.

Final Fastlane grants total $78.8 million as new INFRA program expands to $1.5 billion next year.

Municipal bond buyers are heading off to Chicago this week to attend the Windy City’s annual investor conference.

On a quiet Monday where there is only one deal pricing for retail investors, municipals were mixed although some maturities on the long end were as much as one basis point higher, according to traders.

Elkhart Community Schools' plan to issue $10 million worth of bonds cleared a big hurdle as it recently garnered enough signatures in support of the initiative to move forward in issuing the bonds.

The $141.2 million Victoria school district bond proposal allocates funds for unnecessary projects such as a walking trail and Wi-Fi at a multi-activity complex, members of a new group said Sunday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 1.040% high rate, down from 1.070% the prior week, and the six-months incurred a 1.140% high rate, up from 1.130% the week before.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

The municipal bond market is gearing up for about $7.3 billion of new supply this week, with $2.51 of that coming from two issuers.

The agency said it can wind down the project; lawmakers to weigh prohibiting rate increases.