Public finance

The recently enacted National Defense Authorization Act is a credit positive for privatized military housing project bonds, Moody’s Investors Service said in a comment released on Friday.

Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program.

CALIFORNIA

COLORADO

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.25% from 4.28% from the previous week.

Indiana GOP House leaders offer $1.2 billion per year road funding plan fueled by gas tax hike.

INDIANA

RHODE ISLAND

A Texas court will determine if a proposed high-speed rail line can use eminent domain to survey and acquire land.

The U.S. Department of Transportation told a Florida congressman who made inquiries about All Aboard Florida’s financing that it “does not evaluate ridership, revenue, or creditworthiness” for private activity bond allocations.

NEW JERSEY

Sen. Chuck Schumer, D-N.Y., said Tuesday in his inaugural speech as Senate Minority Leader that he hopes for more direct spending in President-elect Donald Trump's proposed $1 trillion infrastructure plan.

Public utilities have the rate-setting flexibility to handle an 11% drop in demand for electricity through 2040, according to Fitch Ratings.

Wisconsin could net up to $41 billion of new road revenue by 2050 with tolls on its interstate highways.

While most muni market participants agree that 2017 could be the year of comprehensive tax reform, they have mixed views on whether the muni exemption is safe under the tax proposals of President-Elect Donald Trump and House Republicans.

Tolls on interstate highways are seen as the only way to provide the revenue stream in President-elect Donald Trump's infrastructure proposal.

INDIANA

ILLINOIS

In the week ended Dec.29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell seven basis points to 4.28% from 4.35% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Conservative strategies such as shortening duration and high liquidity proved fruitful for two mutual funds against the backdrop of massive mutual fund inflows and money market reform.