Public finance

A $1.1 billion Texas Transportation Commission will lead the activity in the primary market and usher in the fourth quarter as this week's largest deal -- even while volume is forecasted to decline from last week's recent high of over $8 billion.

Detroit Friday gained Michigan's final approval for a plan to issue $1.1 billion of bonds for a bankruptcy exit financing and to raise money to pay off several creditors.

Triet Nguyen is starting as a managing director at NewOak on Monday.

Most Texans want to increase state spending on transportation infrastructure without raising taxes, according to a new statewide poll.

Taxable municipal bond sales surged to a five-month high in the past week, attracting yield-hungry investors as tax free spreads tighten.

ARKANSAS

ALABAMA

Detroit officials regained control of most government functions, while remaining under state-controlled emergency management, after the city council late Thursday adopted a resolution that keeps Kevyn Orr on as manager with reduced powers until the bankruptcy is over.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell four basis points the week of Sept. 25 to 4.42%.

Green muni bond underwriters are stepping up marketing, with a focus on retail clients, as they compete for a share of the fledgling market.

Targeted increases in transportation infrastructure funding are needed to overcome a 10-year backlog of neglected projects.

Municipal managers say they're continuing to shield their clients' municipal assets from higher rates even though the timing of a rate hike remains uncertain and some are beginning to doubt rates will spike in the near term.

ARKANSAS

ARIZONA

As spreads on bonds from the recent Detroit Water and Sewer, Chicago Water and Chicago Wastewater deals tighten, some analysts warn these credits might not be as safe as investors think.

Transportation Department doesn't account for how it awards federal TIGER grants, GAO says in new report.

A Michigan board Wednesday voted to approve two emergency loans to cash-strapped Detroit suburbs, which are under state control, that will be used for pension payments.

FLORIDA

COLORADO

Gasoline tax revenues are not a reliable long-term source for financing transportation infrastructure, Pew Charitable Trusts said in new report.