News and Information from Bond Buyer

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

The Legislature failed to publish a public notice about changes in the law authorizing the sole security for the bonds, the court ruled.

The Federal Reserve Bank of San Francisco announced Friday Mary C. Daly was named president and chief executive officer, effective October 1, 2018.

The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.

Long considered a dove, Federal Reserve Bank of Chicago President Charles Evans Friday expressed comfort with the inflation outlook and repeated his belief rates will become slightly restrictive. That led some observers to ramp up concern about the flattening yield curve.

Two state senators are backing a proposal to toll low-occupancy vehicles in carpool lanes on highways that currently lack tolls.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The University of Michigan's preliminary September consumer sentiment index reading was 100.8.

Industrial production grew 0.4% in August, the Federal Reserve reported Friday.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.

Dealer firms are trying to comply with newer rules like markup disclosure, while regulators are finding some problems and working to communicate more clearly.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

The plan will see Indiana paid $1 billion in return for allowing a rate hike on the privately operated Indiana Toll Road.

The $582 million deal in the spring was the largest pooled school district bond issuance in the 74-year history of the Dormitory Authority of the State of New York.

The federal government ran a $214.1 billion deficit in August.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

Interest rate hikes should proceed, but Federal Reserve Bank of Atlanta President Raphael Bostic warned that while tariffs haven’t become a huge concern yet, the possibility exists they will.