Public finance

Municipals remained mixed as deals from Phoenix airport and Chicago issuers came to market.

The pre-trade information available on alternative trading systems to broker-dealer participants would likely benefit all municipal securities investors if made more publicly available, the Municipal Securities Rulemaking Board’s chief economist said in releasing a report Thursday that is to be presented to a market structure advisory group next week.

The pace of recovery varies widely, and many local government budgets are in worse shape than before the 2008 financial crisis.

Municipals were mostly stronger at mid-session as the last of the week’s big deals came to market.

The Municipal Impact Coalition, a group of market professionals, is expanding its drive to make municipal bonds more accessible and understandable across the nation and around the globe.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

It's twice as nice for our listeners as The Bond Buyer packages two market podcasts into one. Reporter Christine Albano interviews Michael Pietronico, CEO of Miller Tabak Asset Management, on what's happening in munis while Chip Barnett speaks with contributing editor John Hallacy about current market trends.

The $850 million sale of special tax obligation bonds drew a record $478 million of retail orders, said state Treasurer Denise Nappier.

The school district says fiscal gains allow it the option of going with a competitive sale on its short-term borrowing.

The staff additions include Bech Bruun, former chairman of the Texas Water Development Board.

Sergio Marxuach and other officials of the nonpartisan, San Juan-based Center for a New Economy said federal spending on disaster recovery has been slower than in other areas also struck by hurricanes in 2017.

Municipals remained stronger as Montgomery County, Maryland, came to market with a triple-A-rated sale.

The Los Angeles airport enterprise received a Moody's ratings boost ahead of plans to price $650 million in subordinate revenue bonds.

Five states also elect governors and voters in two states decide whether to restrict future tax increases.

Montgomery County, Md., came to market on Wednesday with a triple-A-rated general obligation bond offering.

The newly-minted water infrastructure law is good news for state and local governments looking for more avenues to finance water projects.

Municipal bond pros say the industry has adapted to an insurance industry one-tenth its former size. Part 3 of The Bond Buyer's series on the decade after the financial crisis.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

Volatility in the equity market spurred a flight to quality.

The tax overhaul and rising rates started to bolster demand, partly offsetting the decline in issuance.