Today In The Markets

The U.S. First Circuit Court of Appeals almost entirely overturned a lower court’s reasoning that underlay an Oversight Board proposed Puerto Rico Electric Power Authority plan of adjustment, in what appears to be a major bondholder victory. On Wednesday afternoon, a panel of appeals court judges ruled unanimously that PREPA bondholders had a perfected lien

The Environmental Protection Agency’s efforts to speed up the transition away from dirty energy sources like coal could pressure public power utility ratings, especially if it results in the accelerated retirement of coal-fired generation facilities, according to Fitch Ratings. Analysts say that accelerating a shift to clean power — particularly when the technology for carbon

Municipals traded stronger across the yield curve Wednesday, following an early rally in U.S. Treasuries after inflation data came in softer than anticipated. While Treasuries pared back some of those gains after the Federal Reserve held rates steady and the post-meeting statement signaled only one rate cut may come this year and spoke of “modest”

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of more than $1.9 billion. The top 18 bond financings have a cumulative amount of nearly $18 billion. Scroll through to see which bond financings are in the top

A proposed settlement between Houston and its firefighters union moved forward Wednesday with the city council authorizing the issuance of $650 million of general obligation judgment bonds, although a vote on a collective bargaining agreement was delayed.   Both are part of a plan to end an eight-year contract impasse and litigation in Harris County District