Public finance

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

The county is receiving only a very small cut of the revenue it projected from the video gambling terminal deal.

Municipal bond investors reacted cautiously to the rally in Treasurys as they looked for confirmation that the new yield levels are here to stay.

Intercontinental Exchange agreed to buy TMC Bonds for $685 million in cash just eight days after IHS Markit's deal to buy Ipreo.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The city of Grand Rapids is embarking on an ambitious plan to install a $20 million LED streetlight system that eventually could monitor water meters and collect data about activity on the street.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

While volume will be under $4 billion, strong demand should continue as the muni market is sound technically and investors are flush with cash. Investors are feeling bullish.

Municipal bonds were trading stronger Tuesday, with yields falling as much as five basis points, according to the MBIS benchmark scale.

Bond lawyer Jonathan Ballan chimes in on creative bond deals, tax-law changes, mortgage financing, mass transit and his recent move to Cozen O’Connor. He also makes a heartfelt plea for municipal and political leaders to weigh in and help “stop the carnage” from the opioid crisis. Paul Burton hosts.

Judge said that the relevant issues include federal as well as local law.

The holiday-shortened week with the usual accompanying low issuance shouldn’t overwhelm demand, putting the municipal market in a good spot at midyear.

The District of Columbia was praised for tackling the funding needs for maintaining its critical infrastructure by a rating agency concerned about deferral of such maintenance by states and local governments.

Council members questioned whether the "historic" levels of reserves in the mayor's $89.1 billion executive budget are really enough.

Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.

City officials have big hopes for the coming decade, including building new defenses against Norfolk's ever-worsening flooding and redeveloping a 200-acre swath east of downtown that contains aging public housing communities.

In the week ended May 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.02% from 4.00% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Attendees at the NYC Comptroller’s MWBE University program were introduced to the Build NYC Resource Corp.'s bond program.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The $139 million refunding saved Alabama’s most populous county $12.35 million in debt-service costs.