Public finance

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.

AASHTO Executive Director Frederick G. "Bud" Wright has spent more than 42 years working in the transportation sector.

The private developer building the new passenger terminal in Everett, Washington, used $50 million of tax-exempt bonds.

The municipal market is grinding to a halt, as the long holiday weekend approaches, and market technicals are strong and should remain that way once everyone returns.

The strategy could save the commonwealth roughly $300 million when compounded over 20 years, said state Treasurer Joe Torsella.

The covenant commits the state to four financial-restraint measures that lawmakers passed.

The Oversight Board's executive director said the budget's future is linked to government introduction of at-will employment law.

Veteran banker Michael Placencia will lead the firm's transportation and infrastructure efforts.

Officials say the cost estimate for what New York City Transit president Andy Byford called "a full overhaul" is a work in progress.