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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, fell three basis points to 4.34% in the week ended Oct. 22 from 4.37% in the prior week.
October 22 -
Illinois took its second credit blow this week when Moodys Investors Service dropped the states general obligation debt into the triple-B category Thursday as the states prospects for tackling its budget and pension mess dim amid the four-month-old budget stalemate.
October 22
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Allen Park, Mich., has delayed the settlement date for its purchase of $11.2 million of the $26.3 million of bonds offered to tender from a troubled issue for a failed movie studio project.
October 22
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The House Transportation and Infrastructure Committee on Thursday passed a six-year, $325 billion transportation bill after rejecting an amendment by Rep. John Garamendi, D-Calif., that would have increased the funding by more than $100 billion.
October 22
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The ports of Seattle and Tacoma have merged their marine cargo operations in an effort to better compete with other Pacific ports while keeping their bond portfolios independent.
October 22
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Americans agree on the need for higher highway funding in a new nationwide poll but theres no accord on how to pay for it.
October 21
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Local credits in Michigan will be hurt if a proposal to give their unlimited tax general obligation bonds a statutory first lien falls through, Fitch Ratings said in a special report.
October 21
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The relationship between local government and its workforce is an important indicator of the strength of a municipalities credit, Fitch Ratings said in a report released on Wednesday.
October 21 -
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Investors should brace for further deterioration of Illinois already battered bond ratings after this weeks Fitch Ratings downgrade.
October 20
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States will be hard-pressed to maintain their credit quality if they attempt to fund infrastructure needs solely through traditional tax-exempt debt financing, Standard & Poors said in a new report.
October 20
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House Democrats want more federal highway and transit funding than provided in Rep. Shusters six-year, $325 billion bill.
October 19
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House Transportation & Infrastructure Committee is on schedule to vote Oct. 22 on a six-year highway funding bill.
October 16
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Economic study says privately financed Texas bullet train could generate billions of tax dollars for state and local governments.
October 16
