Public finance

Yields on top-quality munis were flat on the AAA scales Friday; yields were seven to nine basis points lower on the week.

Marquee issuers have sought out Kestrel for verification on ESG bond programs.

An outage that a LUMA Energy spokesperson said could have been triggered by sabotage left 900,000 customers without power on Thursday.

One involves a framework worked out by 10 senators while the other involves a more narrowly-focused $78 billion bill for passenger and freight rail.

Trading showed firmer prints, with Georgia general obligation bonds, Maryland GOs and Los Angeles Department of Water and Power bonds trading up.

The NLC survey found the availability of broadband and digital connectivity improved in about three in 10 urban core and rural communities over the past year.

Through the first nine months of the fiscal year, Sales and Use Tax collections are up 30% from the year earlier.

Recovering air passenger numbers were one factor Fitch Ratings cited in revising the Port of Seattle's outlook to stable from negative.

The five-year Highway Trust Fund reauthorization still requires action by the House Ways and Means Committee to approve revenue measures for financing the bill.

In the bill the governor signed, lawmakers will not approve a plan of adjustment with cuts to pensions, which the current proposed plan includes.

The Investment Company Institute reported $1.089 billion of inflows into municipal bond mutual funds, marking the 13th consecutive week.

A last-minute bill that would have authorized a split of board chairman and chief executive positions appears to have died in the state Senate.

The U.S. Treasury 10-year dipped to its lowest yield since March while municipal investors poured money into new deals and secondary trading helped push benchmarks even lower.

The Wayne County Airport Authority is selling $163 million to finance projects.

Traffic is returning to Dallas-Fort Worth International Airport, but plans to expand have been scaled back.

Like the city's pension funding revisions, the park district's plan ramps up to actuarial payments but it's alone in aiming for a 100% funding target.

The market idled Monday while investors prepare for a $12 billion new-issue onslaught that brings diversity of credits that will help direct benchmark yields. Continued fund flows are needed to sustain current yields.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

Muni prices were firm Friday after the employment report showed nonfarm payrolls rose 559,000 in May as the jobless rate fell to 5.8%.

Bank of America, JPMorgan, Goldman Sachs, Citigroup, UBS, Morgan Stanley, RBC, and Santander are defendants.