Public finance

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.

Two state senators are backing a proposal to toll low-occupancy vehicles in carpool lanes on highways that currently lack tolls.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

The federal government ran a $214.1 billion deficit in August.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.

Rating agencies affirmed double-A-plus ratings ahead of the deal.

They are also trying to take over representation of the Puerto Rico authorities in Government Development Bank debt restructuring.

The Downriver Utility Wastewater Authority will sell $57 million of debt.

The authority hasn't sold bonds since 2010.

Municipal CUSIP requests surged in August, an indication of rising supply in the near-term.

The cut marks the first major retreat for OppenheimerFunds, one of the biggest mutual-fund owners of Puerto Rico debt and a company that’s playing a major role in its bankruptcy.

Municipals remained weaker on Wednesday as the market saw several new issues sell in the primary, led by deals from North and South Carolina.

Tom Wynne is leading a new housing financing initiative in the West and Michael Colton is joining the New York team.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.

Disruptions caused by a piece of metal that pierced the roof of a train underscore the need for major capital improvements, according to a state lawmaker.