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In the week ended July 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.74% from 3.72% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
July 14 -
An additional $500 billion of federal funding for public infrastructure over the next 10 years would stimulate the U.S. economy and create millions of new jobs, the Center for American Progress said in calling for a comprehensive national program.
July 14
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Gov. Tom Wolf signed a $31.5 billion budget after lawmakers filled a $1.3 billion gap through a patchwork of tax hikes and revenue assumptions.
July 14
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A $2 billion flood diversion project in North Dakota and Minnesota is the first P3 for the U.S. Army Corps of Engineers.
July 13
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Municipal officials should adopt a 6% rate of return as a baseline assumption for public pension investments, according to Alicia Munnell, director of the Center for Retirement Research at Boston College
July 13
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San Diego residents will have a chance this fall to vote on a proposed hotel room tax hike that would back bonds for a $1.8 billion professional football stadium-convention center downtown, but some critics question the bond financing.
July 13
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The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year, according to the city's comprehensive annual financial report.
July 12
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Austin, Texas, City Council adopts mayors proposal for a GO bond referendum on his $720 million Go Big transportation plan.
July 12
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Federal Chapter 9 policy is ill-defined and fluid, a bankruptcy expert said at a municipal finance conference at the Brookings Institution in Washington.
July 12
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Thousands of California motorists are participating in nine-month VMT pilot program to test a replacement for the state's gasoline tax revenues.
July 11
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Demand for municipal bonds is forecast to be just as robust, if not stronger, in the third quarter.
July 11
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