News and Information from Bond Buyer

Bond lawyers are weighing how they should approach certain muni deals.

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

A busy week got started Tuesday, with deals flowing in as the specter of tax reform plagues the primary municipal market and issuers rush to market with sales that may no longer be allowed next year, creating an opportunity for buyers.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.230% high yield, a price of 99.806914.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.170% high yield, a price of 99.909000.

Financing for affordable housing projects would face new barriers if Congress approves a House GOP tax bill that eliminates the tax exemption on private activity bonds. Todd A. Lee, CEO and executive director of the D.C. Housing Finance Agency discusses the importance of the exemption to advance affordable housing projects and how the sector is fighting to preserve this tool. Hosted by Andrew Coen.

Texas service sector activity “increased again in November,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 24.4 from 19.2.

Service sector activity “continued to see strong growth in November,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

The consumer confidence index increased to 129.5 in November from a revised 126.2 last month, The Conference Board reported Tuesday.

Manufacturing growth in the central Atlantic region was “robust” in November, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 30 from 12.

Home prices rose 6.2% on an annual basis in September, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

The Pennsylvania Higher Educational Facilities Authority and the state of Wisconsin are coming to market on Tuesday as municipal bond traders eye tax reform developments in Washington.

Cities and counties will be able to form the new affordable housing districts starting in January.

With roughly two weeks to negotiate a final tax bill, using the amendments would avoid a formal conference and could save private activity bonds.

The Central Florida Expressway Authority’s senior bonds won one-notch upgrades from Moody’s Investor Service and S&P Global Ratings.

The municipal bond market focused on the burgeoning new issue calendar as participants waited for a U.S. Senate vote on tax reform, which may come before the end of this week.

The remodeling of the 22-year-old airport will add gates and update its security infrastructure.

The Long Island Power Authority received a rating reward for debt restructuring that includes several securitization deals.

The engineer who led the restoration of electrical service in New York City after Superstorm Sandy has been appointed to oversee the recovery of Puerto Rico's power grid.

The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.066% high yield, a price of 99.688000.