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To no surprise in the bond markets, teetering Harrisburg, Pa., will miss $5.2 million worth of payments on general obligation bonds and notes due March 15.
March 11 -
Florida is seeking qualified firms interested in a public-private partnership to build a $2.1B managed-lanes project on Interstate 4 through Orange and Seminole counties.
March 11 -
The Transportation Infrastructure Finance and Innovation Act has been touted by many as a crucial funding source for major projects, but most states have never used the program and say it has little value for them.
March 11 -
U.S. banks enjoyed more exposure to municipal bonds at the end of 2012 fueled by increased profitability and revenues looking for a home in the face of declining commercial loan generation and the imposition of new federal regulations, according to municipal experts.
March 11 -
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A $2.5 billion California general obligation financing will thunder into the municipal market at a time when volume is expected to inch up over $8 billion in what is one of the largest one-week supply scenarios so far this year -- however the extra supply may force underwriters to bump yields in order to get investors' attention on the heels of last Thursday and Friday's weakness, according to one market expert.
March 10 -
Barclays is warning that if a Build America Bond subsidy payment is reduced under sequestration and this triggers an extraordinary redemption provision, the issuer may be able to call those BABs anytime, even years later when market changes make the call affordable.
March 8 -
Two northern Virginian House Democrats have introduced legislation that would authorize the study of an expansion of the Washington Metrorail deeper into the commonwealth.
March 8 -
Zero-coupon bonds: exceptional value or chronic underperformance? Opinions vary, but there's no mistaking that there's a lot of activity in zeros lately as investors look to them for yield.
March 8
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The Bond Buyer's weekly yield indexes increased the week ended March 7.
March 7
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For the first time in nine weeks, muni bond funds that report flows weekly recorded outflows for the week of March 6, at $97 million.
March 7 -
The House approved legislation on Wednesday to fund the government after current authorization expires March 27, over the objections of transportation advocates upset that it would cut millions in highway and transit spending.
March 7 -
Flows into tax-exempt money market funds were positive by $17 million in the week ended March 4 as total net assets only increased to $278.79 billion, according to The Money Fund Report, a service of iMoneyNet.com.
March 7 -
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Three Senate Democrats wrote to House Speaker John Boehner, urging him to restore transportation funding cut in pending House legislation.
March 6
