Bonds

Municipals were steady to firmer in spots to close out August as inflows returned to muni mutual funds. U.S. Treasury yields fell and equities were mixed ahead of Friday’s employment report. Triple-A benchmarks were bumped up to three basis points, depending on the scale, while UST yields fell three to four basis points. The two-year

The Federal Aviation Administration is granting more money to airports that could help reduce the industry’s reliance on debt financing for making infrastructure improvements.   Airport infrastructure projects are financed through a combination of funding including bonds and the FAA’s Airport Improvement Program, which carries restrictions about what the money can be used for.  Funding from

Municipals had a slightly firmer tone Wednesday while U.S. Treasuries were little changed and equities ended up. Triple-A yields fell one to three basis points, depending on the curve, while UST maintained levels in a subdued session. While munis underperformed UST Tuesday, “there has been firmness in the muni market throughout the past week,” said

Audrey Chu, an investment banking associate in the Oakland office of Siebert Williams Shank & Co., has been named the Claire Goodman Rising Star for 2003 by the Women in Public Finance. Chu will accept the award at September’s Women in Public Finance national conference in Washington, D.C., where Mayor Muriel Bowser will serve as

Bond parties in the Puerto Rico Electric Power Authority bankruptcy are appealing a ruling that has barred a receiver from being appointed in the case. Syncora Guarantee and GoldenTree Asset Management Monday filed an appeal notice of a ruling of U.S. District Judge Laura Taylor Swain that rejected their request for a removal of a

Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Thomas Nocera (00:03):Welcome to another episode of The Bond Buyer podcast. I’m Thomas Nocera, regional reporter for the Bond buyer, and I’m here with Mohamed Balla, the Chief Financial Officer for the City of Atlanta, who’s here to discuss an upcoming

Municipals were steady to start the week as U.S. Treasuries were firmer and equities ended the trading session up. The two-year muni-to-Treasury ratio Monday was at 63%, the three-year at 65%, the five-year at 66%, the 10-year at 70% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had

In a week where big municipal bond sales are as rare as hen’s teeth, one deal stands out: Jacksonville, Florida, is set to hit the market with $290 million of tax-exempts. Senior manager Raymond James & Associates is set to price the city’s $290.345 million of revenue and revenue refunding bonds on Tuesday, weather permitting.

On Wednesday the Internal Revenue Service issued a notice of proposed adverse determination to the Port of Port Arthur Navigation District of Jefferson County, Texas, indicating that a 2017 $55 million bond issuance will be considered taxable, though attorneys caution that such situations nearly always resolve without impact to the investors. According to the notice posted on

California has expanded the ability of its local agencies to use progressive design-build contracts for certain infrastructure projects in a bid to control costs and remain on schedule. Gov. Gavin Newsom in July signed into law the latest progressive design-build measure, Senate Bill 146, which allows the Department of Water Resources and the California Department

Municipals were steady Friday ahead of a smaller new-issue calendar, while short-term Treasuries were weaker and equities rallied. The two-year muni-to-Treasury ratio Friday was at 63%, the three-year at 65%, the five-year at 66%, the 10-year at 70% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the

The Puerto Rico Oversight Board reached an agreement Friday with several bondholders of Puerto Rico Electric Power Authority debt in a proposed plan of adjustment that offers significantly more of the original value of outstanding bonds to them than to those who did not agree to the plan. BlackRock Financial Management, Nuveen Asset Management, Franklin

The Port Authority of New York and New Jersey will bring affirmations of its AA-minus level ratings to its next bond deal. The authority plans to sell $1.08 billion of bonds, according to a preliminary official statement published Thursday. Ity plans to issue two tranches, Series 242 for $535 million and Series 243 for $545

A bankrupt California hospital will receive a $10 million loan from a new state program to aid troubled providers. The loan would throw a lifeline to the San Benito Health Care District, which operates Hazel Hawkins Memorial Hospital in Hollister. San Benito filed for Chapter 9 bankruptcy in May as it faced waning cash and

Connecticut’s first offshore wind farm is one step closer to reality after a federal ruling came down this week. On Tuesday, the Bureau of Ocean Energy issued a “record of decision” on a federal environmental review of Revolution Wind, a 704-megawatt offshore wind farm planned for development off the coast of the state in a

Moody’s Investors Service has changed its outlook on the New York State Power Authority to positive from stable and affirmed the authority’s long- and short-term ratings at Aa2 and P-1, respectively. Moody’s also upgraded SFP Transmission’s revenue bonds to A1 from A2 and changed the outlook on the power authority’s affiliate to positive from stable

The focus was on the primary market Wednesday as the New York City Transitional Finance Authority’s $1 billion deal saw good reception, repricing to lower yields, though municipals underperformed a U.S. Treasury rally. Equities ended in the black . Triple-A yields fell or rose a basis point or two, depending on the scale, while Treasuries

Moody’s Investors Service raised North Broward Hospital District, Florida’s revenue bonds to Baa1 from Baa2 and revised its outlook to stable from positive. North Broward Hospital District has about $300 million of debt outstanding. Broward Health Medical Center in Fort Lauderdale is part of Broward Health Medical Center.AdobeStock The upgrade to “reflects the durability of

Vermont launched part one of a two-part general obligation bond sale this week with a competitive auction of $61.2 million of new money bonds. That will be followed with a $53.5 million GO refunding that is expected to price by negotiation Thursday. The competitive bid was won by BofA Securities, according to Refinitiv TM3. The

Transcription: Chip Barnett (00:03):Hi, and welcome to another Bond Buyer podcast. I’m Chip Barnett, and my guest today is Tracey Manzi. She’s the senior investment strategist at Raymond James. And we’re going to be talking about the fixed income market and focusing in on that today. Welcome to the Bond Buyer, Tracey.  Tracey Manzi (00:22):Well,