News and Information from Bond Buyer

State Treasurer Joe Torsella is accusing 14 financial firms of collaborating to illegally inflate the prices of Fannie Mae- and Freddie Mac-issued bonds.

Officials with the private passenger train company said contractors have been hired to extend service from West Palm Beach to Orlando.

Oklahoma is setting aside $200 million of its record $8.1 billion budget for a rainy day.

The Port Authority of New York and New Jersey is inching closer toward a replacement for its nearly 70-year old bus terminal by zeroing in on three possible options.

The tapes, according to Preston Hollow, demonstrate the success of Nuveen's strong-arm tactics to protect its high-yield market share.

New York Mayor Bill de Blasio has touted his administration's record levels of reserves. Whether they can sustain a downturn is up for debate.

A 2.1% drop in durable goods orders shows businesses are holding off on equipment purchases as trade tensions with China increase.

A state authority priced $487 million of debt on behalf of Big River Steel, for a project to double the mill's capacity.

Lawmakers advanced a bill designed to make the New York State Department of Transportation more accountable for its capital planning.

In the week ended May 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.75% the previous week.

The city announced that it has acquired 200 acres of land as part of its deal to land a new assembly plant.

The municipal bond market saw the largest Garvee bond deal so far hit the screens on Thursday.

Infrastructure ranked No. 2 behind only the related issue of economic development as a top priority for mayors during 153 State of the City addresses delivered this year the National League of Cities reported.

Lawsuits accusing banks and broker-dealers of fraud in the variable-rate demand obligation market helped cement the decision to use the platform.

At stake is an estimated $880 billion in annual federal funding from 300 programs that use census data to distribute funds.

The question is clear for municipal professionals: what is our legal duty to investors with respect to climate change?

J.W. Korth & Co. was found to have charged excessive markups in 38 sales of municipal securities.

Analysts homed in on the phrase “some time” and the absence of rate cut discussion in the minutes of the last Federal Open Market Committee meeting..

The new guidance issued Wednesday under Notice 2019-39 covers, among other things, Tribal Economic Development Bonds and direct-pay Build America Bonds.

Debate over the level of openness at New York MTA resonates on several fronts, notably during a joust over reports of overtime abuse.