Public finance

Top-quality municipal bonds finished stronger on Monday, according to traders, who face a smaller-than-average bond calendar and a $5.4 billion Texas note deal this week.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

Public safety threatened by removal of federal flood plain rule, engineer group warns.

Leaders with the Socorro Independent School District will seek voter approval on a $448.5 million bond measure.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

The Board of Regents enterprise since 2001 has saved more than $101 million by refinancing bonds — with most of those savings coming since the Great Recession in 2008, after which interest rates plummeted to the lowest in recent history.

Puerto Rico’s July revenues were above budget partly because of unexpectedly high non-resident withholding inflow.

Top quality municipal bonds were stronger at mid-session, according to traders, ahead of this week’s $4 billion new issue calendar.

State officials say they won't permit unlimited short-term borrowing.

The municipal bond market is looking at a smaller than average bond calendar this week, which will be dominated by the short-term note sector.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The development sector grew by 36% and public facilities climbed by 11%, making them the sectors that grew by the largest percentage in the first half of the year. The sectors with the biggest declines were electric power at 55% and utilities at 23%.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Short-term note issuance rose less than 5% in the first half of 2017 as municipalities relies less on cash flow needs.

Although market conditions and a still relatively low interest rate environment continue to hamper the bond insurance industry, there continue to be encouraging signs including a slight uptick in the insurance penetration rate.

Some see the collapse of President Trump’s infrastructure council as good for municipal bonds.

The $560 million deal is expected to sell later this month.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

The governor's adjustment protects the state's neediest districts but hits others hard.

Victoria school board members agreed late Thursday night to ask voters in November to approve a $141.2 million capital improvement plan.