Public finance

After a busy week, and some clarity on tax reform, market participants are gearing up for the biggest volume week in some time, as issuers are getting advance refundings in while they still can.

In the week ended Nov. 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.99% from 3.95% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Traders saw "a major flip in psychology of the market" as moves to bar private activity bonds and advance refundings met some resistance.

The group plans to sell roughly $1 billion of bonds, with a mix of btax-exempt and taxable debt.

A state fiscal monitoring board will consider for the first time in its 17-year history imposing spending cuts to the county’s budget.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

With rates trending higher, the county still hopes an advance refunding will save water and sewer ratepayers $68 million.

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.

Billions of dollars of new paper hit on the market on Thursday, as yields began moving down for the first time this week.

With ever-changing rules and regulations making an advisor's job harder, 280 CapMarkets launched with the goal of not only saving an advisor's time but making the job easier. 280's Gurinder Ahluwalia and Jason Ware sit down to discuss how technology allows both institutions and issuers to bring different types of value to the table that wasn't necessarily there before. Hosted by Aaron Weitzman.

In its third and final meeting of the year, the State Bond Commission on Wednesday approved capital projects totaling about $1.2 billion, including $500 million for school construction projects throughout Connecticut.

The state’s Bond Commission on Wednesday approved $4.01 million in funding the Connecticut Port Authority had requested for harbor improvements.

The Regional Plan Association recommends congestion pricing, infrastructure banks, public benefit corporations, a regional rail system and an end to 24-hour New York subway service.

This busy week will end with a bang, as four of the five largest deals are set to price on Thursday.

Mayor Rahm Emanuel said there would be no taxpayer funding.

The proposed ballot initiative would make Proposition 13 property tax breaks portable.

The muni market weakened Wednesday as issuers flooded into the market to beat tax reform.

The bonds for Florida’s Brightline train project are rated BB-minus by Fitch.

A year from now, city officials may very well be asking voters to approve a bond package, perhaps to keep fixing the potholes on your street.

Texas state pensions bear the third-highest risk of a downturn-driven "budget shock" behind Alaska and Connecticut, according to Moody's Investors Service.