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Municipal volume is estimated to drop to $5 billion for the week of Aug. 10, with only 11 negotiated deals and no competitive sales larger than $100 million on the calendar.
August 7
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Fast-growing Texas county forms special planning commission in an effort to block the route of a proposed high-speed rail line.
August 7
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Municipal bond funds suffered a second week of redemptions, according to the latest Lipper data. Funds which report weekly posted $308.245 million of outflows in the week ended Aug. 5, after experiencing outflows of $73.372 million in the previous week.
August 6 -
For the week ended August 6, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased one basis point to 4.39%, from 4.40% the previous week.
August 6 -
Sen. Tom Carper, D-Del., wants to almost double current federal gasoline and diesel taxes to raise more revenue for highway funding.
August 6
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Detroit is nearing its first public bond sale since bankruptcy as it posted bond documents for the deal on Thursday.
August 6
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Municipal issuers no longer consider bankruptcy to be taboo and distressed governments are increasingly likely to consider it an option, Moody's analysts said in a report.
August 6 -
The Treasury Department and Internal Revenue Service have included two new bond-related projects on their priority guidance plan for 2015-2016.
August 5
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The North Carolina House puts a proposed $1.7 billion road infrastructure plan on fast track.
August 5
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Municipal credit quality deteriorated in the second quarter, reflecting fiscal problems in Puerto Rico, New Jersey and Chicago, according to Moody's Investors Service.
August 4 -
Higher than expected revenues gives Missouri the needed matching funds for federal road dollars in 2017.
August 4
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Within hours of the Obama Administration's release of the final Clean Power Plan on Monday, opponents vowed to take legal action to block the rule while others hailed the measure.
August 4
