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Fitch Ratings stripped Wayne County, Michigan's general obligation ratings of their investment grade over the county's rapidly deteriorating fiscal condition, in a five-notch superdowngrade.
August 13 -
The Justice Department and attorneys general from six states and the District of Columbia moved to block bankrupt American Airlines' proposed merger with US Airways under federal antitrust laws.
August 13 -
The Michigan Finance Authority will sell $92 million of state aid revenue notes for the Detroit Public School District next week in the first market offering to carry the Detroit name since the city's bankruptcy filing.
August 13 -
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Lebenthal & Co., LLC, next month will introduce MuniAxis to improve liquidity for trading odd-lot municipal bonds in the secondary market.
August 12 -
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On the heels of a mostly steady to stronger tone and brisk demand for deals last week, the municipal market is anticipating the arrival of a $5.5 billion California revenue anticipation note deal this week as well as more than $4 billion in new long-term paper -- all of which should see strong demand, municipal experts said.
August 11 -
Monoline insurers that have hit rock bottom are positioned for a rebound that could see them wrapping up to 30% of new issue supply in some ratings groups, Citigroup Global Markets said.
August 9 -
Muni bond mutual fund outflows have fallen from recent levels, but remain heavy, at $974 million.
August 9 -
Low interest rates and investor skepticism continue to hold financial guarantors down, even as insurers introduced new and evolving business models to rejuvenate the market.
August 9 -
Municipal bond issuance fell 10% in the first half of 2013 after a surge in interest rates in May and June overwhelmed demand for refunding and other factors that analysts had expected to propel long-term volume for the year.
August 9 -
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The Bond Buyer's weekly yield indexes increased the week ended August 8 amid gains in the Treasury market.
August 8
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Two House members have announced that they are developing a bipartisan congressional caucus focused on infrastructure and the growing use of public-private partnerships.
August 8 -
Tax-exempt money market funds recorded their biggest inflow in more than a year as total net assets soared by $3.84 billion to $267.96 billion in the week ended Aug. 5
August 8
