Public finance

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Puerto Rico’s April employment rose above 1 million for the first time since August 2013.

Municipal volume will remain near recent levels the week before the Memorial Day holiday, supported by rising investor demand and a continuing bond rally, market participants said.

Chicago Public Schools will borrow against delayed state grants to finish the school year.

A leaked spreadsheet of Trump 2018 budget priorities shows cuts to transit funding and TIGER.

Analysts said investors' willingness to lend to Puerto Rico and other troubled entities may be ratcheting up risks for the muni market.

Tough financial decisions could be on the horizon for New York State, the state comptroller said.

A bid to privatize the Westchester County, N.Y. airport may be grounded this year by local politics.

Hudson Yards Infrastructure Corp., the developer of a 45 block area on Manhattan's west side, won a two-notch upgrade from S&P Global Ratings.

Tim Sullivan will become research director at the Citizens Budget Commission in New York.

Goldman Sachs opened the first of a two-day retail order period for the Hudson Yards Infrastructure Corp., N.Y.’s $2.15 billion tax-exempt deal as municipal bonds were unchanged ahead of next week's $7.02 billion calendar.

The first hearing of the Puerto Rico Title III case on Wednesday reinforced that the battle between general obligation and Puerto Rico Sales Tax Financing Corp. (COFINA) bondholders will be a central issue as the biggest municipal restructuring gets underway.

A Rhode Island judge denied a petition to release grand jury documents in the 38 Studios case.

University of Connecticut bonds are on Moody's review for downgrade.

The municipal bond market on Friday will be looking ahead to next week’s new issue calendar as participants eye falling bond yields. The largest deal of the upcoming week is from the Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds.

Pricing wires for negotiated bond offerings

Pricing wires for competitive bond offerings

Tax hikes, cuts, and reforms are needed to tackle Illinois' fiscal crisis, a business group suggested.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices fell five basis points to 4.16% from the previous week's 4.21%.