News and Information from Bond Buyer

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

A "lighter-than-anticipated CPI report" led to UST firmness, as it "quelled fears about tariff-related inflation and boosted enthusiasm that the Fed will cut rates in the next two or three meetings," said José Torres, senior economist at Interactive Brokers.

The law has become no less controversial nearly three years after its passage.

In a Monday special session that went late into the night, the state legislature passed a $66 billion budget that includes a $700 million bonding bill.

The bill would exempt lead service line replacement projects from the IRS' private business use test.

CEO Michael Ruvo calls the Effi module an "offensive tool" that complements the firm's other transaction analytics instruments.

Bexar County officials passed a resolution related to a potential Nov. 4 ballot measure on venue taxes for a new San Antonio Spurs basketball arena.

The Columbus City Council approved a November ballot measure seeking voter approval for $1.9 billion of triple-A-rated general obligation bonds.

The elevated new-issue market comes on the heels of one of the largest weeks of issuance.

After the University of Idaho canceled plans to buy the for-profit online University of Phoenix, Moody's Ratings removed the school from watch for downgrade.

From elite universities to rural hospitals and ports, federal actions are shifting the muni credit landscape. IR+M's Wesly Pate explains how buy-side firms are reacting.

The Uinta Basin Railway's request for $2.4 billion of PABs comes as the U.S. Transportation Department is almost at its $30 billion debt cap.

The action follows an upgrade for the sole purchaser of its power.

"The broader themes from the demand perspective are that it's choppy and people are not necessarily jumping into high-yield munis with both feet," said First Eagle's John Miller.

The software uses pre-trade quote data to help predict the next trade level of bonds.

Municipal bond issuers in the state dodged a barrage of bills in this year's legislative session seeking to constrain their debt sales.

The state of Maryland is going to market on Wednesday by selling $1.56 billion of general obligation bonds, which will be the first major sale since the state absorbed a credit downgrade from Moody's.

Whether PREPA can pay the administrative expense claim doesn't affect its validity, the bond parties said.

However, the new-issue calendar may not be "absorbed as easily, given valuations have grown less compelling after this week's performance," said Birch Creek strategists.

Armed with higher ratings since its last sale four years ago, the city is set to return to the market with a bang.