Public finance

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points in the week ending Oct. 9 to 4.37%.

Inflows into municipal mutual funds more than tripled this week.

Sen. Barbara Boxer wants action in the House on her proposals to revive the chronically insolvent Highway Trust Fund.

Public infrastructure agencies need to aware of the long-term credit risks before issuing 100-year bonds, Moody's warns in new report.

While younger investors are often risk-takers seeking high returns in the fast-paced equity market, owning municipal bonds can be an important part of a young entrepreneur's investment portfolio, municipal strategists said.

The evolving understanding of climate change poses challenges in evaluating and disclosing municipal securities risk, said panelists at The Bond Buyer's California Public Finance Conference.

ARKANSAS

ARIZONA

Transportation should see slow but steady growth through the remainder of 2014, Fitch said in a new sector outlook released Thursday.

Moody's Investors Service warned Wednesday it may downgrade Detroit's Ca-rated certificates of participation, saying it expects to resolve the outlook when and if the bankrupt city settles with the bond insurer that wraps the bulk of the certificates.

Former Financial Industry Regulatory Authority vice chairman Stephen Luparello received $5.34 million of total compensation in 2012 — the highest of any of the individuals in The Bond Buyer's annual survey of the compensation levels at 21 industry, self-regulatory, state and local, and muni related groups.

The most-traded P3 bonds have rallied this year, and retained gains since the Sept. 22 bankruptcy filing by the manager of the Indiana Toll Road.

ARKANSAS

COLORADO

The cost of Maryland's Purple Line rail project has risen to $2.45 billion, up $21 million since September and almost $1.5 billion more than projected in 2007, according to the latest estimate by the Maryland Transit Administration.

The city of Detroit rested its case in the trial to decide if its bankruptcy confirmation plan will be confirmed after Detroit Mayor Mike Duggan and City Council President Brenda Jones testified that they would work to support and implement its plan of confirmation.

MINNESOTA

NEBRASKA

Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

Rather than getting yield by buying in the longer-middle to back-end of the curve as barbell investors typically do, Newtown Square, Pa.-based Veritable is purchasing bonds maturing from five to seven years for the long end of its barbell.