Municipals improved Friday after a volatile week for the asset class, ignoring losses in U.S. Treasuries, while equities closed the week mixed. Investors will see higher yields and ratios along with a nearly $11 billion new-issue slate for the final week of the month and the last ahead of the election. Triple-A yields fell three

Tom Vales, a muni bond electronic trading expert, has joined Build America Mutual’s board as an independent director. The bond insurer has seven board members, including three independent directors. Vales will succeed John White, who is retiring, according to a press release. “Tom’s career has been about making fixed-income markets more transparent and efficient,” said Seán

Shreveport, Louisiana, was downgraded by Moody’s Ratings.Adobe Stock Shreveport, Louisiana, was downgraded to Baa2 from Baa1 Wednesday by Moody’s Ratings. The agency maintains a negative outlook on the rating. The downgrade of Shreveport’s issuer, general obligation and senior revenue ratings will affect $2.1 billion in debt when the city completes the anticipated $88 million Series

North Carolina’s largest transportation project to date may be structured as a public-private partnership after the controversial toll lanes proposal won a pair of key votes last week. The Charlotte City Council and transportation planning group Charlotte Regional Transportation Planning Organization gave the green light to the North Carolina Department of Transportation to pursue a

Houston Controller Chris Hollins’ investor conference took place Tuesday without the  participation of key city officials after Mayor John Whitmore raised “pay-to-play” concerns about corporate sponsorships for the event and requested a city probe. Hollins countered on Tuesday, calling on the Houston inspector general’s office to also investigate corporate sponsorships for the mayor’s Sept. 17

Half Day Forest Preserve in Lake County, Illinois. Lake County Forest Preserves is asking voters to approve a $155 million bond referendum on Nov. 5.Jennifer Shea Voters in the Midwest will see a half-dozen conservation referendums on their ballots, three of them involving bonds. Such local issues have one advantage amid the polarization that has

Municipals extended their selloff with the largest losses on the short end amid another busy day in the primary market, led by an upsized JFK Airport Terminal 6 Redevelopment Project deal. U.S. Treasuries were little changed and equities ended mixed. Triple-A yields rose three to 12 basis points, playing some catch up after recent outperformance.