Public finance

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Traders are now pricing in a more than 80% chance of a rate cut in July.

The health system is coming to market Tuesday with a $637 million new money and refunding sale.

Build America Mutual announced that it has been accepted as a member of the Federal Home Loan Bank of New York, becoming the first municipal bond insurer to join the system.

The overall recovery would be in the 36% to 38% range under its restructuring plan for $35 billion in bonds.

The FY 2020 budget adds $250 million in new reserves to the executive budget Mayor Bill de Blasio presented in April.

The water district in Washington County, Utah, is driving a plan estimated at up to $1.8 billion to bring water 140 miles from Lake Powell.

Another big week lies in store for the municipal bond market, with a variety of big name issuers ready to sell bonds.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

Bids opened Thursday for construction of a new downtown Terre Haute Convention Center appear to be below an overall project estimate.

The PRIDCO deal would be the fifth restructuring proposed or consummated under the Puerto Rico Oversight, Management, and Economic Stability Act of 2016.

The agreement “would increase prices by up to 21%” and it’s “highly unlikely PREPA will be able to completely offset the legacy debt charges,” resulting in “considerably higher electricity rates for decades to come,” said the letter signed by four senators and 32 House members.

Karen Freeman-Wilson says without the bond deal to leverage the city's public safety building, Gary will end the fiscal year $42.5 million in the red.

A tighter cap on local property tax rates for some cities and counties will factor negatively into future bond ratings, analysts warn.

The supply-demand imbalance, a long-term volume horoscope and valuing climate change were among the topics debated at The Bond Buyer's Midwest Conference.

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

As the district braces for possible state receivership, Pennsylvania Auditor General Eugene DePasquale calls for a 'real-time' audit.

Patrick Luby, senior municipal strategist with Credit Sights, stresses how investors are reallocating funds to the municipal market. The strong level of support is driving coupon experimentation by issuers. He forecasts about $310 billion of issuance this year with a large part being directed by sentiment. John Hallacy hosts.

Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.

McLaren Health Care will use proceeds to fund capital projects including a replacement hospital for McLaren Greater Lansing.