Investments

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Pricing wires for competitive bond offerings

Puerto Rico's governor presented a fiscal 2018 budget that allots at least $2.04 billion for pensions and nothing for debt.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices fell four basis points to 4.07% from the previous week's 4.11%.

Illinois received two downgrades Thursday, bringing it closer to a junk bond rating.

Top-rated municipal bonds ended mixed on Thursday as the last of the week’s bigger sales hit the screens.

Moody's Investors Service has lowered the rating on the State of Illinois' general obligation (GO) bonds to Baa3 from Baa2, amid a prolonged political impasse that has prevented progress on a growing pension deficit and an increasing backlog of unpaid bills

Gas tax, other fees in Oregon’s proposed 10-year road plan would raise $8 billion over 10 years.

Fitch Ratings will now be discounting pension liabilities at a fixed 6% assumed rate of return.

Louisiana Gov. John Bel Edwards called a special session to continue work on the state budget.

Connecticut-based insurance behemoth Aetna confirmed relocation talks with other states.

A California company will use private activity bonds to spin rice straw into a construction product.

Top-rated municipal bonds were mixed at midday as the market was seeing the last of the week’s bigger sales hit the screens.

The municipal bond market is in store for more volume as the last of the week’s bigger sales are set to hit the screens on Thursday.

Pricing wires for negotiated bond offerings

Puerto Rico Gov. Ricardo Rosselló proposed an austere fiscal year 2018 General Fund budget that he said cut operating expenses by 9.1%.

The Ridgefield School District has taken another step toward building its first new school in 40-plus years.

Cork popping has given way to elbow grease as Academy School District 20 broke ground Tuesday on a $21 million elementary school where Research Parkway dead-ends at Wolf Valley Drive.

Once-bankrupt Detroit ended fiscal 2016 with a $63 million surplus.