Public finance

As governments increasingly tap into analytics for policymaking, risks accompany benefits.

In the week ended Nov. 29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.21% from 4.23% last week.

Democratic control of the House of Representatives may lower the barrier to sustainable transportation funding, said Bond Buyer conference participants.

The municipal market saw the last significant issuance come and go swiftly, closing out the week on a high note.

Voters in the Southern California rejected a water and wastewater rate increase, and a subsequent rate hike triggered an unsuccessful recall election.

The Federal Transit Administration has not yet awarded $760 million of the $2.62 billion Congress set aside for transit grants in fiscal 2018 almost two months after the end of the budget year.

The New York City comptroller's affordable housing initiative hinges on state approval of real-estate tax shifts and the creation of a land bank.

Milwaukee-based Baird said it will expand its public finance footprint into new markets when it closes on the purchase next year.

The muni market was getting stronger yet again on Thursday, as one of the week's biggest hit the screens.

The president initiated the request for the luncheon meeting after Cuomo last month sent Trump a five-minute video showing the leaking walls and interior deterioration of the existing 108-year-old tunnel.

Larson joins the bond insurer after 35 years in the muni industry, including 20 years at Goldman Sachs.

Dearborn plans to price $35 million of bonds and Muskegon County plans $45 million.

Three of the four index components declined from September.

A flurry of mid-sized deals priced, as the muni market firmed ahead of what should be the busiest day of the week.

SIFMA and BDA responded to the MSRB's request for comment on muni indices and benchmarks, and transparency was a major theme.

Wednesday’s municipal market was firm and over $1.3 billion bid lists were circulating, according to a New York trader.

Growth in "eds and meds" has bolstered the Rhode Island capital, the rating agency said in a comparison with New Jersey's capital.

The deal clears one legal obstacle to the upcoming issuance of PABs, although two other challengers plan to pursue a federal lawsuit.

The transaction will restructure about $4 billion of Government Development Bank debt.

Brock, the deputy director of the state's retirement system, will succeed Patrick Marr, who is moving to the private sector.