Munis

The Wenatchee School Board will meet in the coming weeks to discuss what happens next after the $120 million bond proposal to remodel and expand Wenatchee High School failed last week to meet the 60% approval threshold.

Moody's Investors Service lowered the university one notch to Aa2.

The Illinois hospital nonprofit faces a rating cut to junk if merger plans fall apart.

Municipal bonds were stronger on Thursday as volatility in the stock market drove a flight to quality.

Credit analysts, bond attorneys and issuers are among those reacting to the increasing risk computer crime poses to governments.

The South Carolina-owned agency’s A1 bond rating could be lowered due to threats from pending legislation and litigation, Moody’s said.

Demand for municipal bonds is high, with one factor keeping munis from the volatility being experienced in other markets.

Munis followed Treasurys after the Federal Reserve left interest rates unchanged and tweaked its statement on inflation.

Bills on Gov. Nathan Deal's desk would allow creation of a new city of Eagle's Landing at the expense of the existing city of Stockbridge.

Caution is the watchword in the municipal market on Wednesday as participants await details of the Federal Reserve's monetary policy meeting.

Voters in Aiken County and part of Saluda County approved Tuesday the $90 million Aiken County Public School District's bond to help pay for expansions, additions and security enhancements at four existing schools and to build two new schools.

The district sold $206 million of general obligation bonds in April, including a taxable refunding deal.

County commissioners asked Gov. Greg Abbott for permission to schedule an election for a flood-prevention bond proposal on Aug. 25.

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

Within the month, New Hanover County's school board could finalize a timeline for redistricting and pick projects for its next multi-million dollar bond — including new schools.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.

Munis were stronger Monday as bond buyers kept an eye on the Federal Reserve policy makers' meeting.

Monthly volume rose the highest in the year to date, as an increase in new-money deals partly offset a decline in refunding transactions.

The state's largest municipal advisor is sticking with the school districts and dropping charter clients, losing some top employees in the process.