Public finance

Sporadic trading and price firmness drove the municipal market on Thursday.

The Fifth District Court of Appeals in New Orleans has yet to decide if oral arguments will be held in the suit brought by Calvin Grigsby.

The school district's borrowing plans got a boost Thursday from S&P Global Ratings, which upgraded it to B-plus from B.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

The New York State Financial Control Board went into "sunset mode" for a 32nd straight year.

The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

“I realize the urgency of the situation,” U.S. District Court Judge Swain said at the end of the Title III bankruptcy hearing in San Juan.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

The upgrade comes ahead of a $619 million bond sale.

The school district scaled down its original proposal for a capital bond referendum and operating referendum.

The county legislature unanimously approved $154 million of bonding projects.

Eight state projects to expand reservoirs and build new dams will receive state bond funding.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

Rep. Bill Shuster's infrastructure discussion draft would temporarily raise federal fuels taxes for the ailing Highway Trust Fund while a newly created commission would determine how to ensure its long-term solvency.

The University of Illinois at Chicago has launched the Government Finance Research Center.

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

Governance issues are likely to remain regardless of how Judge Laura Taylor Swain rules on Gov. Ricardo Rosselló's adversary complaint

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.