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The debt Tennessee expects will help pay for new highway “Choice Lanes” will be the first municipal bonds to be used for state highway construction there in more than 45 years, though they won’t be traditional state-issued debt. The state government in recent decades paid for highways on a pay-as-you-go basis, using already collected funds

A federal judge Wednesday struck down a pair of year-old Missouri investment rules that regulated “non-financial” investment advice from broker-dealers and investment advisors. Judge Stephen Bough of the U.S. District Court for the Western District of Missouri issued the order the day after hearing oral arguments from both parties, which had submitted dueling summary judgment

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking came in at more than $1 billion. The top 20 bond financings have a cumulative amount of more than $16 billion. Scroll through to see which bond financings are in the top 20 for

Municipal bonds improved Wednesday as attention turned to the primary market with Chicago coming off the sidelines to price its delayed general obligation bond deal along with deals from the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission and the Las Vegas Valley Water Department. U.S. Treasuries and equities closed the session mixed following

Moody’s ratings Wednesday revised New Jersey’s outlook to positive from stable and affirmed the state’s A1 issuer rating.  “The revision to a positive from stable outlook incorporates prospects for strong economic and revenue performance that will allow the state to narrow its structural gap and retain substantial budgetary reserves,” the rating report said, “while maintaining

Prince George’s County Public Schools is bringing more than $660 million of taxable sustainable revenue bonds that will fast-track the construction of eight new schools via a public-private partnership, coming into a constructive market in which taxable paper is in higher demand.  The project will build eight new schools comprising 1.03 million square feet of