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Lower pump prices are boosting fuel consumption and vehicle miles traveled, leading to higher gas tax collections, a trend Moodys Investors Service expects to continue over the near-term.
April 14
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Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.
April 14
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Congress should consider raising motor fuels taxes to shore up the dwindling Highway Trust Fund, a bipartisan grassroots group advocating responsible fiscal policy said this week.
April 14
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Municipal bond volume is poised to rebound in the coming week, led by a deal from the Port Authority of New York and New Jersey.
April 10
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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, stayed the same at 4.22% from the week ended April 2.
April 9 -
The new Florida Development Finance Corp. board on Tuesday delayed reconfirming the agency's decision to be the conduit for $1.75 billion in private activity bonds for the All Aboard Florida train project.
April 9 -
The more than $3.5 billion coming to market from Puerto Rico in coming months will be geared to non-traditional buyers, further distancing retail investors from debt they once coveted for its universal triple-tax exemption.
April 9
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Counterparty Wells Fargo has so far refused to lower the rating threshold for three Chicago swaps that reached termination events through recent downgrades, a source said.
April 8
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A bill proposing that the rates of the Florida Municipal Power Agency should be regulated by a state agency could jeopardize its credit ratings, according to Moody Investors Service.
April 8
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