No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.

Detroit's plan to restructure its debt "puts default squarely on the table" and signals bankruptcy is a real option, Moody's Investors Service says in a comment.

The Stephens Hopkins Center of Providence accuses Moody's of bias in its reporting about the repayment of moral obligation bonds in the 38 Studios controversy.

California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts.

Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt.

A bill that would tax energy-efficient vehicles for using the road is moving through the Oregon legislature, according to local reports.

Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale.

New York's MTA announced short- and long-term initiatives designed to mitigate the effects of Hurricane Sandy-type storms.

Standard & Poor's said California Gov. Jerry Brown's revised budget released this week that projects lower revenues has little impact on the state's credit rating.

Chicago convention managers and Mayor Rahm Emanuel advanced plans Thursday for a new arena and makeover of the city's top tourist attraction as part of a $1 billion package of new and previously proposed tourism-and-entertainment projects.

With market conditions continuing to improve, the Florida Hurricane Catastrophe Fund should have no problem issuing bonds to pay claims over the next 12 months.

Tax-exempt money market funds had a hard time holding onto what little inflows they regained last week as $1.72 billion exited the industry and total net assets settled at $258.36 billion in the week ended May 13, according to The Money Fund Report, a service of iMoneyNet.com.

Stronger inflows made their way into municipal bond mutual funds, at $306 million for the week of May 15.

With the majority of new issues priced earlier in the week, the tax-exempt market took direction from Treasuries in an overall risk-off trade following poor economic data Thursday morning.

The Bond Buyer's weekly yield indexes were again mixed the week ended May 16.

WASHINGTON -- Housing starts dropped 16.5% to a seasonally adjusted annual rate of 853,000 in April, the largest decline since a 17.9% fall in February 2011, the Commerce Department reported Thursday.

WASHINGTON (MNI) - The April CPI showed prices moderating a little more than expected, largely a result of gasoline price dips but also reflecting a confluence of soft pricing in the medical and clothing areas.

The region's manufacturing sector decreased in May, as the general business conditions index slipped to negative 5.2 from 1.3 in April, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

Weaker than expected economic news drove Treasuries higher Thursday morning, but didn’t excite munis enough to get secondary trading.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $25 billion 182-day discount bills Monday.

The Treasury Department said it will auction $13 billion 9-year 8-month inflation-protected notes on Thursday, May 23.

With most of the new issues for the week already priced, the tax-exempt market pulled strength from a risk-off Treasury rally.

For Bill Walsh, there isn't much room in a retail investor's muni bond portfolio for volatility or variability. That's why the 33-year municipal market veteran and president of Hennion & Walsh prefers high-quality paper and low risk for his pre-retiree clients, as well as personalized portfolio planning that is tied to clients' life goals and objectives.

Securities and Exchange Commission chairman Mary Jo White told lawmakers Thursday that unfinished Dodd-Frank Regulations are a top priority, and that the SEC needs tough enforcement penalties to maintain order over an increasingly complex market landscape.

Mortgage revenue bond issuance jumped 13.5% in 2011 compared with the previous year, according to the recently released National Council of State Housing Agencies factbook.

The National Governors Association published a report Thursday summarizing governors priorities as outlined in their annual state of the state addresses in 48 states and two territories.