Investments

In the week ended April 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.18% from 4.23% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal market participants will come back to work after a long holiday weekend to almost $7 billion of new issuance, highlighted by another billion dollar deal from California.

Gov. Dannel Malloy said he would devote the rest of his term to patching up Connecticut's economy.

If the packed town council meeting last Wednesday was any indication, there will be many Oro Valley, Ariz., residents hoping to weigh in next week on the $17 million proposal to develop the 213-acre Naranja Park.

UBS Wealth Management Americas is looking to revive its capital markets and public finance businesses, hiring Peter Hill from Wells Fargo and Steven Genyk from Janney, and reassigning Chief Risk Officer Mark Sanborn to head capital markets and sales.

Municipal bonds were trading stronger at midday, according to traders, who were wrapping up their business ahead of the full market close for Good Friday. Ipreo estimates municipal bond volume for next week at $6.82 billion.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.

Hard Rock International unveiled plans this month for a $375 million makeover of Atlantic City’s shuttered Trump Taj Mahal Casino Resort in a move elected officials hope will help spur the debt-ridden Jersey Shore resort back to prosperity.

Municipal bond traders were wrapping up their business on Thursday ahead of the full market close for Good Friday. Trading will resume after the Easter weekend on Monday, April 17.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

The Rogers County Board of County Commissioners approved a resolution Monday during its regular board meeting to refinance two bond issues to a lower fixed rate than the current rate.

Rend Lake College will issue $5 million in bonds to help defray operational costs in light of the state budget crisis.

Pricing wires for competitive bond offerings

Municipal bonds finished mixed on Wednesday as the state of California competitively sold about $604 million of general obligation bonds.

The federal government ran a $176.2 billion deficit in March, the Treasury Department reported Wednesday.

Atlantic City Mayor Donald Guardian has proposed a new budget with $35 million in cuts in an effort to bring the cash-strapped Jersey Shore locality back to fiscal health.

The Treasury Department Tuesday auctioned $12 billion of 29-year 10-month bonds with a 3% coupon at a 2.938% high yield, a price of 101.221385.

Area school systems would benefit from a statewide $1.9 billion construction bond referendum issue proposed through a recent bill submitted by an area legislator.

State funding for education continues to be a concern at Stillwater Public Schools, but administrators and the board of education also have their eyes focused on future construction and renovation projects.