Public finance

Municipal bonds were on the move Wednesday as two big issuers came to market with over $1 billion of transportation bonds.

A lease agreement between Newark, New Jersey, and the Port Authority of New York and New Jersey will help fund debt service for the pipe replacements.

Assured Guaranty and two other bond insurers recently petitioned the Supreme Court to review an appellate court ruling involving the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

A proposal for a rate increase to back a bond got a hostile reception.

The $125 million deal is the first piece of a five-year plan to sell $1.3 billion of Garvees.

The city will hold a retail order period Wednesday for its general obligation bonds, followed by final pricing Thursday.

The fund is seeking to collect $1.8 million of the city's state-transferred tax funds to make up for claimed contribution shortfalls.

Muni yields were mixed as weak economic data pressured Treasuries and stock prices.

Other debts are piling up that could make it harder to craft a solution favorable to holders of the affordable housing bonds, the trustee said.

The Port Authority of New York and New Jersey’s increased its long-range capital plan by about $5 billion to $37 billion, while raising tolls, rents and fees.

William Glasgall, Senior Vice President and Director of State and Local Initiatives at the Volcker Alliance, sits down with Chip Barnett and Lynne Funk to talk about why states should bolster their rainy day funds.

Gov. Wanda Vázquez García's support for pension cuts that had been opposed by her predecessor is seen as "a strong positive" for the debt restructuring.

The college, using the state of Ohio as its conduit issuer, will price $49 million of bonds.

Another big week is in store for investors with a $1B NYC deal waiting in the wings.

Oakland Park will issue green water and sewer refunding bonds that carry S&P Global Ratings’ highest Green Evaluation score of E1.

The judge overseeing Preston Hollow Capital's anti-trust lawsuit against Nuveen could rule any day on the claims.

The Lower Colorado River Authority will price $169.5 million of revenue bonds.

Municipal bond volume continues to accelerate, closing out the month of September 39.1% higher and the quarter 17.8% higher than a year earlier, as issuers flocked to market with taxable deals.

New issuance is up by about $21B over 2018, but still lags previous years.

One of the nation's top P3 partners sees more opportunity in states where it has existing relationships with transportation agencies.