News and Information from Bond Buyer

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

In the week ended July 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.97% from 3.96% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Sterling National Bank has a new municipal group focused on an array of non-public financing services during a time when loans to bond issuers are on the decline.

A motion for summary judgment by Indian River and Martin counties contends that the privately owned project isn’t eligible to use the private activity bonds.

Tuesday’s House hearing will be chaired by Rep. Bob Goodlatte, R-Va., who was a steadfast supporter of the previous standard under which a remote seller had to have a physical presence in a state in order to be required to collect sales taxes.

New issues were well spoken for on Thursday as hungry investors with available cash participated in the largest deals of the week.

An amended master trust indenture will reflect the combined finances of the largest health systems in Illinois and Wisconsin.

Henry County Superior Court Judge Arch McGarity ruled that bills signed by Georgia Gov. Nathan Deal in May did not violate the state constitution.

The district that runs the venue is planning a $974 million bond sale in the coming weeks.

The loss of the SALT deduction cost New Yorkers an additional $14.3 billion in 2018, state Attorney General Barbara Underwood told the Citizens Budget Commission.

Moody's upgraded the bonds issued to build the Mets' Citi Field while boosting its outlook for Yankee Stadium bonds.

George Callas most recently was senior tax counsel to House Speaker Paul Ryan and was a chief architect of the tax reform legislation enacted in December.

Municipal bond market participants are seeing the last of the week’s healthy new issue slate hit screens.

The $41.9 billion spending plan for the only state without a signed budget is on Gov. Charlie Baker's desk.

The study adds to the growing body of findings by think tanks and credit rating agencies that highlight the pitfalls states face when considering new taxes on e-cigarettes and marijuana because of the changing habits of American consumers.

Emily Metzler, Senior Vice President, MuniCap explains and explores the nuances of how development bonds are being brought to market in an environment where federal funding is scarce. John Hallacy is host.

The composite of the Leading Economic Index was up 0.2% in June following a revised flat reading in May, the Conference Board said Thursday.

Manufacturers report continued expanding in July, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported “widespread increases for purchased inputs.”

Buyers vied for volume as a bevy of bonds priced in the primary on Wednesday.

The previous named director and four board members resigned last week.