Investments

In the week ended March 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 4.06% from 4.08% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Standard & Poor’s put five of the seven Illinois public universities it rates on CreditWatch, citing the Illinois budget impasse.

States can compete for $95 million of federal grants for experiments with user-based road funding mechanisms.

Municipal finance leaders and a bipartisan group of lawmakers met Wednesday on Capitol Hill to discuss how tax laws might be eased so that more public-private arrangements could be used to finance public infrastructure projects.

The best execution rule, which took effect this week, may solidify a market shift concentrating retail customers in a few large firms, while others seek just to keep their institutional business running smoothly, market participants said.

GEORGIA

ARKANSAS

The University of Pennsylvania received a one-notch bond rating upgrade from Moody’s Investors Service, to Aa1 from Aa2.

The U.S. Army’s cost-cutting efforts include renewable energy P3 power projects at installations across the country.

The risky underpinnings of Chicago’s efforts to solve its $20 billion pension mess are taking center stage this week.

ARIZONA

FLORIDA

A higher-than-expected 2015 operating loss at Illinois-based Presence Health is expected to trigger a technical default that would allow bondholders and banks to accelerate some debt repayments.

DePaul University in Chicago will sell $70 million Tuesday primarily to finance a new music school building.

Sierra Club and other environmental groups filed a federal lawsuit to stop Colorado’s $1.8 billon P3 rebuild of I-70.

Following a consultant's scathing report, New York City Comptroller Scott Stringer's office has set out to streamline the Bureau of Asset Management.

KENTUCKY

ALABAMA

As the 2016 presidential race narrows down to a handful of candidates, it appears likely that business mogul Donald Trump and former Secretary of State Hillary Clinton will be the nominees with the most votes at the Republican and Democratic conventions.

Alabama proposal would set its gasoline tax rate to match the average fuel levy in surrounding states.