Public finance

States have postponed scores of road projects over concerns that federal funding will be delayed during the summer construction season.

FLORIDA

CONNECTICUT

Mayors will unleash a coast-to-coast political push for a significant increase in federal transportation funding.

Tobacco bonds may be on their way to the biggest volume since 2007, led by Wednesday's $1.7 billion sale from California, as issuers refinance amid a decline in smoking that's cut deeply into revenue.

Within two to three months Ipreo will serve as point of origination for CUSIP requests, the companies said.

FLORIDA

ARKANSAS

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Municipal analysts blame the lull in municipal high-yield investment on a range of factors, from uncertainty over interest rates to bulging supply in the investment-grade sector.

TEXAS

ALABAMA

Weekly volume is expected to exceed $8 billion again, with most of the bigger deals related to education.

A House bill would stop federal funding for public transit and bike paths to protect solvency of the Highway Trust Fund.

ILLINOIS

ALABAMA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased six basis points to 4.25% from 4.31% for the week ended March 12.

Bel Air Investment Advisors LLC opens, a Los Angeles-area firm that manages $7 billion in assets including many munis, opened a San Francisco office as part of a larger expansion plan.

Another short-term fix of the Highway Trust Fund is likely as Congress struggles with how to pay for a multiyear transportation measure.

Water utility executives from 47 states stormed Capitol Hill to urge lawmakers to repeal a ban on the use of tax-exempt bonds for projects already benefiting from certain federal assistance.