Investments

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was four basis points lower to 4.38% for the week ended Oct. 1 from 4.42% in the previous week

CALIFORNIA

Sen. James Inhofe, R-Okla., asks the House to move quickly on multiyear transportation bill to avoid disruptions this fall.

Infrastructure needs, pension funding and health-care benefits are most constraining to municipal budgets in 2015, the National League of Cities said in its annual survey on fiscal conditions.

ILLINOIS

FLORIDA

Chicago's steep borrowing costs should come down if the City Council adopts Mayor Rahm Emanuel's proposed 2016 budget and property tax hikes, the city's chief financial officer, Carole Brown, told council members.

House Majority Leader and top candidate to replace Rep. John Boehner, R-Ohio as House Speaker, says he’s confident Congress will pass a multiyear highway bill in October.

Interactive Data announced on Tuesday the launch of its Liquidity Indicators Service for municipal and corporate bonds. The service will let subscribers access a series of security- and portfolio-level “Liquidity Indicators,” which are aimed at helping companies manage liquidity risk in any type of economic cycle, the company said.

ILLINOIS

IOWA

Chicago Mayor Rahm Emanuel brought the case for a budget proposal that hikes property taxes to fund police and firefighter pensions before the municipal bond market on Monday. Speaking in Manhattan to the Municipal Forum of New York, Emanuel said that the only alternative to his budget is to make massive cuts in the city’s workforce and services.

The Texas Transportation Commission decided tolls are not needed to fund a proposed $530 million highway project.

INDIANA

ALABAMA

A water banking agreement between Southern Nevada Water Authority and the Metropolitan Water District of Southern California is a credit positive, Moody’s Investors Service said.

Rutgers University in New Jersey had its long-term credit rating lowered one notch by Standard & Poor’s to A-plus from AA-minus on Sept. 25 due to diminished financial resources.

The University of North Texas System will reduce the size of its $222 million deal by $45 million after a private placement offer provided better terms, officials said.

Rep. Nydia Velázquez wants to extend protections under the Investment Company Act of 1940 to Puerto Rico, saying their absence caused Puerto Ricans to suffer losses when they invested in mutual funds heavily stocked with the financially struggling commonwealth’s bonds.

With non-transportation P3s on the rise, analysts and other experts say they're not for everyone.