Public finance

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.01% from 4.02% the week before.

The New York State Thruway Authority is on the road to completing a decades-long reconstruction project for a heavily-traveled stretch of Interstate-95.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

With all the wrongdoing by powerful players in the public and private sectors, it appears very likely that these players may owe lots of money to bondholders.

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.

Governor rejects ending Christmas Bonus or cutting pensions.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.

The bonds will pay for renovations and the addition of a new building.

Lawmakers will consider internet sales taxes, electric and hybrid vehicle user fees, a state lottery and bonds to fund transportation projects.

The region's volume numbers were supported by favorable market conditions that drove several large gas prepay deals.

Voters in Harris County will decide whether to authorize up to $2.5 billion of bonds to minimize damage from future storms.

While an intent to issue refinanced improvement revenue bonds for Bluestem Communities in Hesston and North Newton had already been approved by the Harvey County Commission, that item was brought back at Monday’s commission meeting to finalize the process.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

The commonwealth also intends to offer $765 million of GO bonds and $160 million of Clean Water Trust bonds.

Two of three sales in Connecticut’s recent bond offering set record retail orders, said state Treasurer Denise Nappier, while spreads continued to drop.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

The report aims to answer how the debt problem developed and to make recommendations to prevent such a problem from ever arising again in Puerto Rico.