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Puerto Rico has disclosed that the U.S. Treasury is no longer skimming money from federal grant payments backing the commonwealth's Garvee bonds, a day after Moody's Investors Service placed the debt on notice for possible downgrade.
May 30 -
U.S. toll roads are maintaining high investment-grade ratings, despite the slow economic recovery, Fitch Ratings said Thursday, releasing its first annual review of the toll roads it rates.
May 30 -
Outflows among tax-exempt money market funds continued to fluctuate in the week ended May 27 as $1.84 billion fled the industry and total net assets settled at $257.43 billion, according to The Money Fund Report, a service of iMoneyNet.com.
May 30 -
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Academy Securities, an investment bank with a municipal business started by a retired naval officer, wants to put those who've served in the armed forces to work in the securities industry.
May 29 -
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In a move showing that Garvees, like Build America Bonds, are subject to the risk of federal offsets, the U.S. government has reduced transportation funds backing Puerto Rico's Garvees to make up for the Commonwealth's failure to pay money owed to a federal agency for river projects.
May 28 -
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A $500 million offering from NY's MTA is among the $4 billion of new issuance estimated to be priced this week as investors scramble to find bonds ahead of the heavy upcoming June 1 redemption date.
May 26 -
The tax-exempt market traded softer every session this week as buyers refused to put money to work at such high prices.
May 24 -
Income improvements among mortgage insurers this year are a credit positive for housing finance agency single family whole loan programs, according to Moody's.
May 24 -
Flows into municipal bond mutual funds scraped and clawed into positive territory the week of May 22, at $63 million.
May 24 -
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Flows into tax-exempt money market funds continued to see-saw this week as $906.5 million arrived in the week ended May 20, according to The Money Fund Report, a service of iMoneyNet.com.
May 23 -
Rep. John Delaney, D-Md., has introduced a bipartisan bill that would create an American Infrastructure Fund to provide loans and loan guarantees to state and local governments to help finance certain infrastructure projects.
May 23 -
