Public finance

The municipal bond market is mostly breathing a sigh of relief after it has had time to digest the possible effects of new U.S. tax legislation, according to a report.

In the week ended Jan. 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.88% from 3.86% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

In his final State of the State speech, Jerry Brown reiterated support for water transfer tunnels, high speed rail, and the projects funded by a new gas tax.

The post-hurricane fiscal plan assumes that Puerto Rico will get a substantial amount of federal aid, but doesn’t include it in its calculation of available resources.

As Pennsylvania prepares to sell $1.39 billion of tobacco bonds next week, Invesco released a report that highlights reasons investors should own tobacco bonds.

Oil appears to be making a steady comeback, lifting prospects for the key producing states, according to Fitch Ratings.

A “sensibly priced” deal from a New York issuer was snapped up by buyers on Thursday as municipals weakened slightly in secondary trading.

The California Water Commission sent all 11 applicants for water storage bond money back to the drawing board.

As Pennsylvania gets set to sell $1.39 billion of tobacco bonds next week, Invesco released a report on the sector that offers several reasons why investors should be holding tobacco bonds.

Chicago’s Sales Tax Securitization Corp. bonds cleared the market after a one-week delay.

The American Trucking Association touts its Build America Fund as a much better solution to financing infrastructure than tolls or public-private partnerships.

Wednesday's sales of Chicago's Sales Tax Securitization Corp. taxables and Connecticut’s special tax obligation bonds underscored the increasing prevalence of special obligation offerings.

First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.

Gov. Rick Snyder delivered his eighth and final State of the State speech.

The deaths of people who ignored railroad crossing warning lights and barriers triggered new calls for state and federal regulators to strengthen railroad safety laws.

Puerto Rico is arranging a loan to avoid blackout.

The White House hasn’t endorsed a gas-tax increase, but it also hasn’t ruled it out.

Technology has changed the muni market, but a complete restructuring of how bonds come to market is expected by analysts.

In its first year of local control, Ontario International Airport saw passenger traffic climb 7% over the prior year.

The latest continuing resolution leaves state and cities with no clarity on federal budget variables that may affect their own spending plans. And the debt ceiling looms larger.