Public finance

The largest deal of the week hit the municipal bond market early on Thursday with the institutional pricing of Massachusetts’ general obligation bond offering.

Moody’s Investors Service downgraded $13 billion in Puerto Rico bonds on Wednesday, citing increasing pessimism about recoveries on the bonds.

A federal appeals court upheld a stay on debt-related lawsuits in a key Puerto Rico lawsuit, reversing a lower court decision.

Municipal bonds ended stronger on Wednesday as large deals from issuers in New Jersey and California hit the market.

Wayne County, Mich.’s fiscal chief who played a central role in its financial recovery is leaving to launch a private equity and turnaround firm.

Rebuilding the nation’s transportation infrastructure will require more direct federal funding, experts tell a congressional panel.

Midwestern voters loosened their purse strings to approve Kansas City, Missouri’s $800 million infrastructure referendum but held fast against St. Louis’ public financing request for a new soccer stadium.

Buffalo, N.Y. received an improved credit outlook from two rating agencies ahead of a planned bond sale to address capital improvements.

In the hunt for new revenue, two Southeast governors made proposals that could signal the revival of a taxing mechanism that was widespread in the pre-World War II era.

Hennessey, Okla., Public Schools patrons approved a $15.49 million bond issue Tuesday.

Morningstar has given its “Socially Conscious” designation to the JPMorgan Municipal Income Fund, making it one of the first in the municipal bond space.

Pricing wires for competitive bond offerings

Municipal bonds were stronger at mid-session as more new deals came to market, topped by some large offerings from issuers in New Jersey, California and Pennsylvania.

Municipal bond insurer analysts are rechecking their estimates of potential losses in Puerto Rico after the federal control board approved a 10-year plan that assumes less than 24% of debt coming due will be repaid.

Infrastructure advocates are bearish on the near-term success of President Donald Trump's ambitious plan to "rebuild America's crumbling infrastructure," despite the administration's continuing assurances that transportation, where the backlog is greatest, is a top priority for Trump.

Pricing wires for negotiated bond offerings

The rebranded Rhode Island Infrastructure Bank approaches infrastructure as a strategic economic development tool.

The municipal bond market is seeing more new issue supply hit the screens on Wednesday, topped by some large deals out of New Jersey, California and Massachusetts.

Kansas City area voters embraced a host of school district bond issues Tuesday.

The Puerto Rico Oversight Board is seeking to start debt talks on April 13.