Public finance

LIPA plans to price $485 million of electric system general revenue bonds this week.

Bond insurers National and Syncora agreed to back the Puerto Rico utility's restructuring plan, bringing support to more than 90%.

Issuers jump into the market as yields remain near record low levels.

Unless Congress acts, there will be $1 billion in automatic cuts to transit grants and $7.6 billion in highway aid reductions.

Fed still divided, but 25 basis point cut is a good bet.

The unsecured creditors want to prevent GDB successors from making $578 million of claims against central government.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

Gov. Gina Raimondo’s planned 20-year, $1 billion extension of a gambling technology contract with IGT sets off the state's latest bare-knuckle political fracas.

The mediation, initiated six weeks ago to resolve disputes over almost $25 billion of bonds, has yet to address the core issue of legality of some of the debt, according to a bondholder familiar with the process.

The Chicago Public Schools also came to market with a $349 million GO deal.

State and local governments are providing more transit funding than they have before, offsetting some of the ridership woes.

The city of Clear Lake, Iowa, is hoping a full-service investment-banking firm will help it secure the highest credit rating.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

California's $2.4 billion GO deal was priced for retail investors on Wednesday.

Some say a case announced yesterday echoed one last year where traders allegedly lied to get priority in their orders for newly-issued bonds.

Hurricane Dorian is menacing the U.S. East Coast with devastating flooding and winds.

Thomas Muldoon should properly have placed his orders as dealer stock orders, the SEC found, but instead asked representatives to submit them as retail orders.

A pre-marketing scale was released on California's $2.3 billion GO deal.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.