News and Information from Bond Buyer

Municipal bond buyers are awaiting this week’s new issue supply as they keep both eyes firmly on the Federal Open Market Committee’s monetary policy meeting.

The former presidential candidate implored New York and New Jersey to enable their cities to execute streamlined project delivery.

Texas factory activity, as measured by the production index, “rose markedly in April after posting slower growth in March.”

Pending home sales gained 0.4% to an index reading of 107.6 in March, from a downwardly revised 107.2 in February.

The Federal Open Market Committee meets this week, which means a light primary market calendar of $4.3 billion. With year-over-year core PCE seen at or near 2%, its statement will acknowledge rising inflation.

Respondents pointed to issues arising from tariffs and price increases for the decline.

The March Midwest Economy Index climbed to 0.52 from a revised 0.41 in February, first reported as 0.44, the Federal Reserve Bank of Chicago said Monday.

Backers say the blockchain "micro" bonds could finance a new fire truck for the California city.

Latasha Thomas will work on government affairs and public finance.

Weekly municipal bond volume will be down with the Federal Open Market Committee set to meet, though no interest rate increase is expected.

Lawyers for the city of Harvey will argue for release of state funds.

New York City's executive budget came under fire for increasing spending and setting aside too little in reserves for cuts from Washington and uncertain times ahead.

Gov. Kate Brown called a special legislative session to consider the proposal.

New Jersey lawmakers expanded the scope of a bond proposal to add money for school safety.

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

The University of Michigan's final April consumer sentiment index reading was 98.8.

In the week ended April 26, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index jumped up to 4.05% from 3.99% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The school district is relying on referendum in November to support a funding plan.

New York's mayor said hits from Albany and threats from Washington affected the city's latest spending plan.

Amid teacher protests, Colorado lawmakers have two weeks to clear a backlog of bills that include a $5 billion transportation bond authorization and a pension funding measure.