Investments

Municipal bonds could get caught up in corporate tax reform, particularly if infrastructure financing is involved, a former Treasury Department official said.

CALIFORNIA

MICHIGAN

Municipal bond defaults, which increased to record levels last year as Detroit's bankruptcy boosted the total, may remain elevated this year.

The Charlotte, N.C., City Council agreed to restructure two non-recourse bank loans obtained as part of the financing to build the NASCAR Hall of Fame.

Maine's $2 billion, three-year transportation program is designed to upgrade the state's infrastructure despite sluggish federal highway funding.

The University of Notre Dame is selling $400 million of Aaa-rated taxable bonds this week to refund hedged variable-rate bonds and raise money for the largest building project in the university's history, centered on its iconic football stadium.

ILLINOIS

ALABAMA

The $996 million federal grant Massachusetts received to extend a Boston-area Green Line streetcar route is a credit positive, said Moody's.

New IBTTA president Javier Rodriguez seeks more toll options to fund investments in transportation infrastructure.

The University of Colorado will bring $89.3 million of refunding bonds to market as opportunities for interest-rate savings continue.

MASSACHUSETTS

ALABAMA

Investors will celebrate a $3 billion boost in volume this week, highlighted by a large, well-known New York credit, following the seasonally-light first official week back to market.

Tennessee highway coalition drums up support for an increase in state taxes and fees for infrastructure projects.

Tennessee has $5.9 billion in outstanding debt, and reduced its GO bonds by $175 million, state comptroller Justin Wilson said in the state's semi-annual debt report.

FLORIDA

CALIFORNIA

For the week ended Jan. 8, 2015 the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell eight basis points to 4.21% from 4.29% in the previous week.