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In the week ended June 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 3.75% from 3.80% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
June 30 -
Virginia is seeking a $200 million federal grant to help fund its $1.4 billion Atlantic Gateway mobility effort.
June 30
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Interstate highway system is deteriorating due to low level of investment as traffic congestion increases.
June 28
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State bonded debt was relatively flat in 2015, according to a report released this week by Moodys Investors Service.
June 28 -
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The House GOP blueprint for tax reform released Friday sparked mixed reactions in Congress, with leading Democrats criticizing its lack of detail and Republicans lauding its proposed pro-growth efforts through limits on deductions, exclusions and credits in the current tax code.
June 27
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In one of the biggest rallies in recent memory, municipal bonds surged on Friday after Britain voted to leave the European Union. Yields on some top-rated municipals fell by as much as 17 basis points to record low levels, in a move that some analysts said signaled yields will remain near all-time lows for longer than anyone had expected, and that negative U.S. interest rates may be on the horizon.
June 24
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices was steady at 3.80% from the previous week.
June 23 -
Columbus, Ohio selected as national testing ground for smart transportation technology.
June 23
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