Public finance

In the week ended March 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

Municipal bonds held firm Thursday as one trader urged buyers to find opportunities by using an old basketball offensive philosophy.

Judge Laura Swain says she has no authority to challenge fiscal plans.

Philadelphia Mayor Jim Kenney wants new tax revenue to help the city’s cash-strapped school district erase a massive deficit.

A new elementary school and expanded career and technical education (CTE) center may be in the future for Windom Area Schools.

The bond referendum asks for a portion of the funds to be put toward additions for Edwards, Mitchell and Meeker elementary schools.

Diminished Washington aid and a pending downturn require prudence, the city's comptroller said.

“We’re getting our ass kicked," the Gov. Dannel Malloy said, pitching a widening of the state's most congested highway.

Municipal bonds were trading firmer Thursday as the last of the week's big deals came to market.

HJ Sims Managing Director Puerto Rico German Ramirez de Arellano and Senior Vice President Richard Prann talk from the Commonwealth about the situation on the island, both in terms of the financial and the human costs. Chip Barnett hosts.

Municipal bond buyers welcomed several big deals on Wednesday as demand outpaced new bond supply.

Chicago is seeking $4 billion in initial borrowing authority to launch its overhaul of the airport's terminals.

The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.

Rep. Bill Shuster says a federal gas tax hike is the only way to pay for an infrastructure bill and that Congress could vote on legislation after the November elections.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.

Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.

Playing a waiting game on Wednesday, portfolio managers were looking for volume to normalize.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."