Public finance

Puerto Rico’s federal overseers are poised to raise their forecast for the island’s budget surplus over the next four decades after an influx of aid and rebuilding from last year’s storm is expected to give a jolt to the economy.

Despite being in a relatively stable environment, there are many factors to remain diligent about, according to Matthew Gastall, executive director at Morgan Stanley Wealth Management. He discusses ratios, macro factors, spreads and key cycle indicators and cautions on local GO and transportation credits heading into the late cycle. John Hallacy is host.

States reported a 20.2% jump in the issuance of private activity bonds from the $20.4 billion issued in 2016.

Columbus and Cincinnati are faring better than Cleveland and many other regions of Ohio, according to Moody's Investors Service.

There was a healthy pulse in the municipal market as new structures attracted interest.

The budget Nassau County Executive Laura Curran released this week aims to tackle past debt incurred by the prior administration.

Brightline, which runs a passenger train service in Florida, is taking over the XpressWest project.

Bankruptcy Judge Laura Taylor Swain still has to rule on two other Unsecured Creditors Committee challenges.

Municipals remained weaker on Wednesday as more deals came to market.

Connecticut’s planned issue of credit revenue bonds is a “potentially terrible long-term solution,” says Municipal Market Analytics.

U.S. Bank’s Tom Gallo looks to the future after a five-decade career that has encompassed everything from pink sheets to the financial crisis.

Solid investor demand greeted the biggest municipal bond deal of the week – the Texas Water Development Board’s $1.7 billion offering.

Quantifying the related financial damage will take time, said the rating agency.

Where the SEC's Rick Fleming sees potential benefits, broker-dealers see burdensome, duplicative work.

The Oro Loma Sanitary District will treat wastewater at higher quality with improvements

Island residents would recover up to 50% of the value of their losses.

Legacy costs are crowding out programmatic spending, according to a report by the Citizens Budget Commission's Ana Champeny and Maria Doulis.

The Chicago suburb will sell $3.9 million of GOs in its first bond market appearance after allowing hotel project bonds to default.

The flattening of the U.S. Treasury yield curve can be a misleading signal of recession, New York City’s Bureau of Asset Management said.

Municipal bond buyers saw the biggest deal of the week come to market on Tuesday.