News and Information from Bond Buyer

Gov. Andrew Cuomo's plan has drawn strong positive and negative reactions.

Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.

Bond traders and buyers will keep an eye on rising yields as the municipal bond market sees a smaller than average primary slate scheduled for sale next week.

The University of Michigan's final January consumer sentiment index reading was 95.7.

The New York economy started 2018 with a bang as the current conditions index surged to a level not seen in more than a decade.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.94% from 3.88% last week.

The city ended fiscal 2017 with a $53 million surplus, marking its third straight budget surplus since exiting bankruptcy.

The municipal bond market is still coming to terms with the full implications of the newly passed tax legislation, according to participants at a panel on tax reform at the Bond Buyer’s National Outlook Conference

Acknowledging budget clouds in Washington and Albany, Mayor Bill de Blasio said his spending plan aims to make New York 'the fairest big city in America.'

Municipal bankruptcy expert James Spiotto said courts have ordered that special revenue bonds be paid in midst of bankruptcy.

Worries about a future interest rate hike couples with a rise in Treasury issuance pressured muni yields Thursday.

A joint transportation committee is the first of two panels to approve issuing $600 million of grant anticipation revenue vehicle bonds.

The sanctions involved eight transactions of Alaska bonds issued in 2015 and FINRA found the firm had inadequate supervisory procedures.

Brian Brewer will be the firm's public finance director following the retirement of longtime manager Keith Kolb.

California is still decades away from prefunding retiree health benefits liability, said State Controller Betty Yee.

Bank of America Merrill Lynch won a large note sale in the primary sector on Thursday as the market eyes bond yields, which have been on a tear since the beginning of the month.

Alaska Gov. Bill Walker is making a pitch for capital investment, including a new bonding program.

New York City First Deputy Mayor Dean Fuleihan discusses Mayor Bill de Blasio's second-term goals, how it will cope with uncertainty from Washington, its approach to transit funding and the merits of new city budget director Melanie Hartzog. Chip Barnett and Paul Burton host.

The municipal bond market is focusing its attention on Thursday on rising bond yields a day after the Federal Reserve signaled it could raise interest rates at its next meeting in March.

The overall economy grew for the 105th straight time, the Institute for Supply Management reported Thursday.