Public finance

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased three basis points to 4.26% from 4.23% for the week ended April 16.

Airline advocates told Senate Commerce Committee members at a hearing on Thursday that there is no need to almost double the federal passenger facility fee that airport executives contend is necessary to fund terminals and other facilities needed to meet projected growth in air traffic.

Rhode Island's serious financial challenges extend well beyond the headline 38 Studios bond financing controversy, said a report by Gurtin Fixed Income Management.

Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.

ALASKA

ALABAMA

Muni managers are earning attractive yields from lower quality bonds and minimizing their exposure to the long end of the yield curve.

An economic study says Maryland’s proposed $2.45 billion Purple Line light rail would boost area’s income and job opportunities.

Gary Binkiewicz, a 35-year veteran in the municipal bond market, has joined R. Seelaus and Co. as a senior vice president and head municipal bond analyst after just over two years at First Southwest, where held the same position.

CALIFORNIA

ALABAMA

Unclogging the congested road and bridge connections linking ports with land trade routes will cost $29 billion by 2025, an AAPA survey has found.

CALIFORNIA

ILLINOIS

Proposed state legislation in California would raise the gasoline tax to generate an additional $3 billion a year for transportation projects.

CALIFORNIA

ALABAMA

A network interruption brought down the financial market’s largest inventory management system Friday morning, stifling municipal bond trading on some platforms and highlighting vulnerability of the market to technological failures.

Municipal bond issuance is set to jump in the coming week led by deals from the West Coast, as issuers look to lower borrowing costs.

Congressional proposals filed Thursday to bolster the Highway Trust Fund include a a 66% increase in the gasoline tax and corporate tax reform.