Last Issuance of Week Comes In as Yields Move Lower
Municipal market participants saw the last issuance of the week flow into the market as muni yields dropped a little on Thursday, according to traders.  more »
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell two basis points to 4.26% in the latest week from 4.28% in the previous week. more »
Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank's approach to monetary policy and Wall Street oversight. more »
The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.197% high yield, a price of 99.535200. more »
Municipal market participants saw some deals reach the market, as top-shelf muni bond yields were slightly lower, according to traders. more »
The Treasury Department said it will auction $20 billion year bills on Feb. 28. more »
The Treasury Department said Thursday it will auction $34 billion 91-day bills and $28 billion 182-day discount bills Monday. more »
Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded further with continued strong expectations" in February, according to the bank's monthly manufacturing survey, released Thursday. more »
Muni yields were slightly lower to start the day on Thursday, as the primary municipal bond market is set to see the bulk of the week's new issuance hit the screens, led by issuers in Alabama and Delaware. more »
The Chicago Fed National Activity Index for January dropped to negative 0.05 from an upwardly revised positive 0.18 in December, first reported as positive 0.14, while the three-month moving average (CFNAI-MA3) dipped to negative 0.03 from an upwardly revised negative 0.02 in December, first reported as negative 0.07, the Federal Reserve Bank of Chicago reported Thursday. more »
Initial claims for U.S. state unemployment benefits rose by 6,000 to a level of 244,000 in the Feb. 18 week employment survey week, above the 235,000 level expected, data released by the Labor Department Thursday showed. more »
Top-rated municipal bonds lost earlier gains to finish unchanged on Wednesday, traders said, while U.S. Treasuries turned mixed after the Federal Reserve released minutes of its latest meeting that signaled higher interest rates may be imminent. more »
Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike "fairly soon" might be appropriate to avoid the risk of an overheated economy, minutes of Federal Open Market Committee's latest meeting showed. more »
The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.937% high yield, a price of 99.705893. more »

Ohio University sports financing expert and former player agent Bob Boland sifts through the messy issue of bond financing for NFL stadiums and franchise relocation with Bond Buyer northeast regional editor Paul Burton.

As we await details of the new administration’s infrastructure plans, we must continue to demonstrate the strengths of the tax-exempt municipal market that we have today.

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