Investments

Gulfport will borrow more than it first expected to help pay for the $93 million Mississippi Aquarium under construction downtown.

Boulder, Colo. hopes to succeed where many other local governments have failed.

Since 2013, the Tupelo, Miss., and Lee County school districts have made major additions and improvements to their school campuses. Besides the obvious benefits of those construction projects to the school districts, the improvements have pumped nearly $40 million total into the local economy and employed hundreds of local residents.

Municipal bonds were mixed at mid-session, according to traders, who are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.040% high rate, down from 1.045% the prior week, and the six-months incurred a 1.125% high rate, off from 1.130% the week before.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.

New York City's comptroller called for a $3.5 billion bond measure to fund mass transit improvements.

Municipal bond traders are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

Pricing wires for negotiated bond offerings

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.

Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.

Newly issued Treasury securities held in stripped form increased about $3.760 billion in April to a total of $249.587 billion, the Bureau of the Public Debt reported Friday.

Oregon will raise the state gasoline tax and issue bonds to fund a $5.3 billion road plan.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Top-shelf municipal bonds were weaker at mid-session, according to traders, who were looking ahead to next week’s hefty new issue slate. Ipreo estimates volume at $9.29 billion, consisting of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

More than two years after creating a CEO position, the Port Authority hasn't hired one.

Municipal bond traders are finishing up a sleepy week where very little happened in the secondary and the primary was even quieter.

Massachusetts legislators expect to vote Friday on the final version of a state budget.