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Municipal bond funds stayed on a fund flow see-saw, reporting inflows for the latest week.
October 9 -
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In the week ended Oct. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 4.37% from 4.38% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
October 8 -
Chicago Mayor Rahm Emanuel warned Thursday that Congress and the Executive Branch should not hurt two federal loan programs for infrastructure: the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation & Improvement Financing programs.
October 8
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Kroll has weighed in on Chicagos 2016 budget, praising the spending plan for a key property tax increase but warning of unresolved challenges and one-shot revenue boosts.
October 8 -
House consideration of Senates six-year transportation bill could avoid a nationwide rail shutdown, said Sen. Barbara Boxer, D-Calif.
October 8
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Some municipal bond strategists are adding risk to boost fourth-quarter yields following the Federal Reserve Boards decision on Sept. 17 to keep rates unchanged, while other are playing a more defensive game.
October 8
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Tennessee Gov. Bill Haslam wants local officials to join his call for more state funding for transportation infrastructure.
October 7
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Most Arkansas polled in a recent survey do not favor a gasoline tax increase to cover a road revenue shortfall.
October 6
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In the midst of a spate of municipal bankruptcies and a credit crisis in Puerto Rico, a report from Kroll Bond Rating Agency highlighted a divergence among the credit rating services.
October 6
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Congressional negotiators fail to find agreement on use of international tax reform to support multiyear transportation funding.
October 5
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