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Massachusetts legislators finally agreed to terms on a $40.2 billion budget for fiscal 2018.
July 10
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Gulfport will borrow more than it first expected to help pay for the $93 million Mississippi Aquarium under construction downtown.
July 10
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Municipal bonds were mixed at mid-session, according to traders, who are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.
July 10
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After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.
July 10
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Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.
July 10
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New York City's comptroller called for a $3.5 billion bond measure to fund mass transit improvements.
July 10
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Municipal bond traders are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.
July 10 -
Pricing wires for negotiated bond offerings
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Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.
July 7
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Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.
July 7
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Oregon will raise the state gasoline tax and issue bonds to fund a $5.3 billion road plan.
July 7
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Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.
July 7
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Top-shelf municipal bonds were weaker at mid-session, according to traders, who were looking ahead to next week’s hefty new issue slate. Ipreo estimates volume at $9.29 billion, consisting of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.
July 7 -
More than two years after creating a CEO position, the Port Authority hasn't hired one.
July 7
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Municipal bond traders are finishing up a sleepy week where very little happened in the secondary and the primary was even quieter.
July 7
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Massachusetts legislators expect to vote Friday on the final version of a state budget.
July 7
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Pricing wires for competitive bond offerings
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Pricing wires for negotiated bond offerings
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The Illinois House overrode Gov. Bruce Rauner's veto to enact the first state budget in two years.
July 6
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Moody's Investors Service has downgraded the rating for Puerto Rico Electric Power Authority's (PREPA) approximately $8.0 billion in Power Revenue Bonds to Ca from Caa3. The outlook remains negative.
July 6
