Investments

NEBRASKA

MINNESOTA

Reason Foundation says $12 billion privately financed Texas bullet train proposal would require public funding.

A change in the credit cycle may be in store for the municipal bond market as the combination of wider-than-average credit spreads and a rising-interest-rate climate threaten to restrain demand for high yield paper.

MASSACHUSETTS

ALABAMA

Public pension funds around the country are reducing their return assumptions.

Indiana may put tolls on its interstates to fund road work under a state House-approved bill.

An attempt by an issuer to introduce protective language into bond documents on a taxable municipal hospital deal backfired and was thwarted by bondholders, Adam Cohen, the founder of Covenant Review, told a meeting of the Fixed Income Analysts Society on Thursday night.

A trade war or trade slowdown with China could impact some credits, with West Coast container ports particularly vulnerable.

ALABAMA

ARIZONA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 4.28% from 4.25% in the previous week.

Chicago-based Roosevelt University’s rating was dropped further into junk territory over its ongoing enrollment struggles that haven’t been helped by the state budget impasse.

Elected officials must persuade motorists of the value of interstate highway tolling, according to new Fitch report.

CONNECTICUT

ALABAMA

Puerto Rico Gov. Ricardo Rosselló’s office blasted the president of the University of Puerto Rico for failing to provide information expected to be used to slash the university’s subsidy.

Municipal investors at client meetings with BlackRock are expressing more concern about rising interest rates than about the potential impact of tax reform – to the surprise of officials in the firm’s muni group.

Bipartisan caucus of lawmakers wants to meet with President Trump on developing consensus tax reform, infrastructure legislation.