News and Information from Bond Buyer

A special-purpose corporation is selling nearly $800 million to refund some of the city's lower-rated GOs.

Three firms and an individual were fined a total of $187,500 for a range of rule violations related to the use of alternative trading systems, spending during rating agency trips, unsuitable trading, and untimely reporting of munis.

Experts are uncertain how significant the decline in multifamily housing bond issuance in 2018 might be.

State agencies and universities are expected to generate 26% less bond volume this fiscal year, according to the Texas Bond Review Board.

The municipal bond market will see $3.35 billion of new deals hit the screens next in a holiday-shortened week. Ipreo estimates weekly volume at $3.35 billion, up from $3.12 billion this week.

Although he continues to maintain that two rate hikes this year are appropriate, Federal Reserve Bank of Philadelphia President Patrick Harker said Friday he is closely monitoring the flattening yield curve.

Fitch Ratings expects the Puget Sound region could see continued economic growth for two years.

The Federal Reserve will raise interest rates in March, followed by one or two more in 2018, former Fed Gov. Randall Kroszner predicted Thursday night.

Almost three years after sinking to the verge of a junk, New Jersey’s largest city received an outlook boost from Moody's.

The municipal bond market is gearing up for a lighter-than-average new issue calendar in a holiday-shortened week, with about $3.35 billion of bonds slated for sale.

Mayor Bill de Blasio envisions a tobacco-type groundswell in the fight against fossil-fuel companies while skeptics differ.

New York City Councilmember Daniel Dromm will take over as Chair of the finance committee, assuming a key role in budget negotiations with the mayor’s office.

In the week ended Jan. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.84% from 3.81% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Henry Dachowitz replaces Tony Saunders, who left the county last April.

Municipal bond buyers gobbled up taxable supply from Pennsylvania and Illinois Thursday as the recent rise in yields slowed.

The first meeting of the Securities and Exchange Commission’s Fixed Income Market Structure Advisory Committee focused mostly on corporate bonds and barely addressed the municipal securities market.

As state lawmakers confront a $1 billion budget gap, an 11.2% increase in revenues may be short-lived, budget director says.

Low interest rates may not be a “serious problem” and while tax reform will support near-term growth, it will add to the long-term burdens on the economy, Federal Reserve Bank of New York President William Dudley said Thursday.

The promotion for Heather Wendell was among a series of key appointments made by acting chief executive Janice Jackson.

The public finance banking team is led by veteran banker Jack Holland.