Investments

The Joplin Recovery Tax Increment Financing District that covers the disaster zone and downtown could be paid off in four to five years, as much as 13 years early at its current rate of growth, the Joplin City Council was told Monday night.

Area residents who want to purchase bonds for the new Lewiston High School will have the chance starting May 31 -- an offer Lewiston, Idaho, resident Don Lloyd said he intends to take advantage of.

The Puerto Rico Oversight Board extended the deadline for Gov. Rosselló to submit the FY2018 budget by two weeks.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.572% high yield, a price of 99.789820.

Municipal bonds weakened as deals from Cuyahoga County, Wisconsin, Hawaii, the city of Los Angeles, San Francisco BART and the New York MTA hit the market on Tuesday.

New Jersey Gov. Chris Christie vetoed a bill to grant state public safety unions control over their pension investments.

New York’s Metropolitan Transportation Authority intends to return to the catastrophe bond market.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.710% high yield, a price of 99.944778.

Deals from Cuyahoga County, Ohio; Wisconsin, the city of Los Angeles and the San Francisco BART hit the market in early activity on Tuesday. Municipal bond prices weakened in early trading.

Pricing wires for negotiated bond offerings

Pricing wires for competitive bond offerings

The Puerto Rico Electric Power Authority said Monday it is seeking approval from the Oversight Board for its deal with its creditors that was reached outside the court supervised restructuring that's underway for other issuers in the territory.

A bond sale Maine had planned for transportation is in limbo after the governor complained.

David Carrington said his experience with Jefferson County’s bankruptcy prepares him to run for Alabama’s highest office.

Infrastructure Week, is May 15-19, and it will include 66 events across the nation, many of which will focus on the need to repair and build roads, bridges, ports, water and sewer systems and other critical infrastructure.

Municipal bonds ended steady on Monday, ahead of this week’s $9.36 billion new issue calendar. This week’s slate is composed of $7.82 billion of negotiated deals and $1.54 billion of competitive sales.

MetroHealth met with investors ahead of its big, low-investment-grade healthcare deal.

The Bay Area Rapid Transit District is set to issue its first green bonds.

The Oversight Board certified a Title III filing for the Puerto Rico Sales Tax Financing Corp., affirming that its $17.9 billion of revenue bonds will be subject to court supervised restructuring along with other territorial debt.

Last week’s filing of Title III by the Oversight Board, which sets the stage for a court-supervised reorganization of Puerto Rico’s debt, was just the start of a critical series of decisions for investors in the commonwealth’s bonds. There may be developments on several Puerto Rico fronts this week.