Munis

Municipal bonds were trading stronger at mid-session as the largest deal of the week hit the municipal bond market.

The largest deal of the week hit the municipal bond market early on Thursday with the institutional pricing of Massachusetts’ general obligation bond offering.

Los Angeles Council moved ahead with plans to issue a judgment obligation bond to cover a budget gap.

Buffalo, N.Y. received an improved credit outlook from two rating agencies ahead of a planned bond sale to address capital improvements.

Morningstar has given its “Socially Conscious” designation to the JPMorgan Municipal Income Fund, making it one of the first in the municipal bond space.

Municipal bonds were stronger at mid-session as more new deals came to market, topped by some large offerings from issuers in New Jersey, California and Pennsylvania.

The State of Connecticut (Aa3 negative) is grappling with challenges to its financial sustainability as growing expenses from unfunded pension liabilities, retiree health care costs, and bonded debt place pressure on the state's credit quality, Moody's Investors Service says in a new report.

The municipal bond market is seeing more new issue supply hit the screens on Wednesday, topped by some large deals out of New Jersey, California and Massachusetts.

The Puerto Rico Oversight Board is seeking to start debt talks on April 13.

The New Jersey Municipal Qualified Bond Act program, New Jersey County College Enhancement Bond Program, and New Jersey School Bond Reserve Act program were all downgraded in connection with the recent downgrade of the state government.

The California Senate approved a bill would bar local law enforcement officers from being “deputized” to do the work of federal immigration officers.

Jay Clayton’s nomination to be SEC chair cleared the Senate Banking Committee on Tuesday and will now move to the full Senate.

Indiana may soon take fiscal control of Gary Community School Corp. and Muncie Community Schools. Gary wants the help. Muncie Schools opposes it.

The National Collegiate Athletic Association said Tuesday that its games can return to the Tar Heel State after the recent repeal of a law seen as discriminatory to gays and transgender people.

Distressed local governments struggling under the weight of pension, healthcare, and other debts could turn to a special authority for fiscal guidance under legislation before Illinois lawmakers.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing the first of the week's new issuance hit the market.

Top-shelf municipal bonds were slightly stronger on Tuesday morning, as yields were lower by as many as two basis points according to traders, as they await the first new issuance of the week.

San Diego Mayor Kevin Faulconer's proposed hotel bed tax would fund convention center expansion, homeless services and street repairs.

Rep. David Young, R-Iowa, has introduced a bipartisan bill that would ease tax-exempt private activity bond restrictions for first-time farmers.

A number of municipal market groups and firms asked the MSRB in comment letters to create an exemption to its CUSIP rule that would allow placement agents to generally avoid having to obtain CUSIP numbers when they are engaging in private placements, including direct purchases.