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The pair of new funds will invest in municipal bonds principally in high quality obligations that offer federal tax exemption.
September 2
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Solutions to the public pension funding crisis go beyond numbers crunching, said Manhattan Institute pension expert Daniel DiSalvo.
September 2
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U.S. toll roads rated by Moody's Investors Service improved their finances in fiscal year 2014, the rating agency said.
September 1 -
Surplus toll road revenues will fund preliminary engineering studies on a potential rapid rail segment in north central Texas.
September 1
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- Kentucky
Hillview, Ky.'s bankruptcy filing offers more evidence that municipalities increasingly consider filing for reorganization as a way to cure balance-sheet problems, according to Moody's Investors Service.
August 31 -
Latest in a series of annual polls on transportation funding finds public will accept increase of gasoline tax if revenue dedicated to road work.
August 31
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Municipal volume is forecast to plunge to the lowest in six months as end-of-summer holidays approach.
August 28
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The Detroit suburb of Allen Park wants bondholders to sell back at par $31 million of bonds floated for a now-failed film studio that the city blames for a long financial decline.
August 28 -
State lawmakers have authorized more than $8 billion of new road bonds in 2015, with billions more of new revenues up to the voters in fall elections.
August 28
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Detroit snagged investment-grade ratings from Moody's Investors Service on its senior-lien water and sewer debt for the first time since before the city filed for bankruptcy.
August 28
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Municipal bond funds saw cash redemptions in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $344.563 million of outflows in the week ended Aug. 26, after seeing inflows of $43.656 million in the previous week, Lipper reported.
August 27 -
In the week ended Aug. 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.40% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
August 27
