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The Texas Department of Transportation will lead the week's new-issue activity with a $900 million sale of general obligation mobility-fund refunding bonds as volume in the municipal market is projected to stay above $6 billion for a third straight week.
June 15
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In a major development, Detroit bankruptcy mediators announced a settlement on the treatment of the city's limited tax general obligation bonds. Terms were not immediately disclosed.
June 13 -
President Obama's four-year, $302 billion transportation funding bill, introduced in the House by a bipartisan pair of representatives, is not expected to gain traction in the Republican-controlled chamber.
June 13
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The Michigan Legislature adjourned for the summer on June 12 after failing to reach an agreement on new transportation funding despite weeks of intensive effort and support from business and labor groups and Gov. Rick Snyder.
June 13
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As state and local governments make efforts to prepare for climate change, credit analysts are watching closely to see how impacts from weather-related events might affect credit quality.
June 13
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Inflows into all municipal bond funds increased from last week without climbing back to May's levels.
June 12 -
The Bond Buyer's muni bond indexes were mixed in the week ending June 12.
June 12 -
More than 50% of Americans would support an increase in the federal gasoline tax if the revenues are dedicated to highways and mass transit, AAA survey says.
June 12
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The supply shortage in the tax-exempt market in 2014 is making summer reinvestment season especially challenging for cash-laden investors.
June 12
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Rep. Peter DeFazio wants to build highways with a wholesale tax on oil and repeal the federal gasoline tax.
June 11
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Two more foundations have pledged $13 million to Detroit's pensions via the Detroit Institute of Arts in a bid to protect the museum's prized art collection as part of a grand bargain worked out by federal court mediators.
June 11 -
Investment research firm Morningstar said it will no longer provide municipal bond credit analysis or commentary.
June 11 -
Bond insurer Syncora Guarantee said in a court filing that Detroit, as well as federal court mediators and even the bankruptcy judge himself have unfairly singled out the insurer as part of an anti-Wall Street public relations campaign.
June 11
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Detroit officials will meet Thursday with Ambac Assurance Corp. and Blackrock Financial in a court-ordered mediation session to try to reach a settlement after months of failed talks.
June 11 -
