Public finance

Top-shelf municipal bonds were unchanged at midday, according to traders, who are looking ahead to next week’s smaller-than average $4.97 billion new issue calendar.

The Rhode Island Infrastructure Bank is working to upgrade the state's poorly-rated infrastructure.

The rating agency cited the backing of the authority's transportation revenue bonds by a gross lien on operating revenues.

The firm, which returned this year to public finance, hired five bankers in Texas, Florida, Illinois and New York.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be headlined by deals from a New York State issuer.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index was higher to 4.02% from 4.01% the previous week.

The payoff comes as the district takes out new tax anticipation notes.

The New Jersey Economic Development Authority achieved strong demand during Wednesday’s $350 million school facilities construction bond sale to help generate millions in savings for the Garden State.

Wayne County decision on jail site to come in December

The proposal would benefit bondholders without helping PREPA rebuild the power grid, a government statement said.

Top-shelf municipal bonds were weaker again on Thursday amid ripple effects from the tax reform news announced the day prior.

The withdrawal or reduction ofederal support for healthcare funding would damage the state budget.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

The last issuance of the week started to come in on Thursday, as munis were weaker still.

Sean McCarthy, CEO of Build America Mutual, talks about the state of the municipal bond insurance industry, what has changed since BAM was founded five years ago, and how much exposure it has to the areas affected by hurricanes Harvey and Irma.

The last issuance of the week is expected to drift in on Thursday, on the heels of yields jumping after details of tax reform were released.

Puerto Rico's power authority said it may take more than six months to restore electricity and there was a report that the Oversight Board was ready to revise the amount of debt to be paid in the next nine years.

Bonds were hit hard as tax reform details were disclosed.

The subway-improvement plan for New York triggered pushback from board members who say Gov. Andrew Cuomo is overreaching.

The Republican lawmaker said Monday that the tax cap proposal should take priority during the next legislative session.