Public finance

New York Metropolitan Transportation Authority’s intended $500 million offering of transportation revenue bonds will be on the day-to-day calendar amid the authority’s wave of derailments, signaling malfunctions and track fires.

Top-shelf municipal bonds were steady around lunchtime, as muni traders are seeing a busier than usual Monday with a few deals pricing for retail and for institutional investors.

Although total weekly volume is expected to be low, municipal bond traders will start the week running, with a few deals expected to price on Monday.

Pricing wires for negotiated bond offerings

U.S. Virgin Islands governor Kenneth Mapp is cutting spending with an eye on moving toward a structurally balanced budget.

Moody's cited a vote to raise employer contribution rates.

The authors discussed transparency benefits and public pensions at the Washington event.

The average 7.6% expected investment return for public pension plans is rosier than projections of many investment firms.

The drop in issuance comes despite a decline in yields over the past week that made the market issuer-friendly.

The United States of America is the defendant in a suit filed by investors seeking payment of $3.1 billion in principal and interest in Puerto Rico Employment Retirement System bonds.

Gov. Mark Dayton's legislative veto was overturned by a lower court.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP expanded their business even as muni volume shrank amid political uncertainty.

Per-mile road charge for autonomous vehicles seen as easier to implement than a higher gasoline tax.

Moody's Investors Service cited underperforming revenues and low pension funding levels.

The state still needs revenues and cuts to balance its spending plan.

New Jersey’s dead-last ranking in an analysis of state fiscal conditions underscores the Garden State’s challenges.

Top shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to next week’s smaller-than-average new issue calendar, which Ipreo estimates at $4.24 billion.

Municipal bond traders on Friday are already looking ahead to next week’s smaller-than-average new issue calendar, which will be topped by New York City’s big general obligation bond sale.

She was previously a Massachusetts Department of Environmental Protection commissioner.

Benjamin Barnes cited austerity measures and some revenue improvements.