News and Information from Bond Buyer

A budget without big new tax hikes was an easy sell for Chicago aldermen despite looming pension clouds.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index rose two basis points to 3.95% from 3.93% in the prior week.

Underwriters priced the New York Metropolitan Transportation Authority’s $2 billion advance refunding deal for institutions on Tuesday, the last big offering of the week.

New York's mayor says realized money will more than offset increased spending for fiscal 2018 and 2019.

Republicans can only afford to lose two votes when the tax overhaul bill comes to the Senate floor.

The land swap is one of the obstacles that must be cleared to build Wayne County a new jail at a new site.

The SEC went into its expanding toolbox to bring fraud charges against Oyster Bay, N.Y., and its former top elected official for hiding the existence and potential impact of side deals with a businessman.

Tom Enright and Rick Hursh are managing directors of the firm’s new capital markets office in Indianapolis.

Illinois follows up its $6 billion of October borrowing with $750 million of new money GOs.

The MTA tapped a transportation professional with experience in Toronto and London to spearhead the modernization of New York's subway and bus system.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. In secondary trading, municipals turned weaker.

Geoffrey Teal, an MPA candidate at San Diego State University, has won an NFMA scholarship.

The California Debt Limit Allocation Committee wants to allocate $900 million in remaining private activity bond capacity.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.130% high yield, a price of 99.915250.

It's the second try for Connecticut's capital city, which last year fired a contractor over cost overruns and delays.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. The green bonds were offered to retail buyers on Monday, who ordered about $770 million of the bonds, according to a market source.

As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.

Existing home sales grew 2.0% to a seasonally adjusted 5.48 million-unit rate in October from a revised 5.37 million sales pace the previous month.

The impact of tax reform is on the minds of all participants in the municipal bond market. The Bond Buyer’s Washington Bureau Chief Lynn Hume joins Contributing Editor John Hallacy in breaking down what the House and Senate plans will mean for state and local governments as well as the effect it will have on underwriters and dealers, bond counsel and financial advisors. Hosted by Chip Barnett.

The region's non-manufacturing sector “continued to expand, but with a slowing in the pace of growth.”