News and Information from Bond Buyer

The University of Michigan's final October consumer sentiment index reading was 100.6.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 4.01% from 3.98% in the prior week.

New York and New Jersey House Republicans failed to attract sufficient allies Thursday in an attempt to preserve the SALT deduction.

Municipal bonds finished weaker on Thursday as issuers from Maryland and California sold over $1 billion of bonds by competitive bid.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Legislative leaders say the move will plug a $2.2 billion budget shortage and end a nearly five-month budget impasse.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

The Illinois Senate will attempt to override a veto of the Debt Transparency Act next month.

The bonds will refund debt the city sold in 2012 and 2013.

The city has amassed more than $95 billion in other post-employment obligations without any credible plan to pay it off, the report says.

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

Public finance issuers aren't expected to experience more than minimal credit effects.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.280% high yield, a price of 99.806914.

Municipal bonds were unchanged at mid-session as issuers from Maryland and California were selling over $1.1 billion of bonds by competitive bid.

Gov. Ricardo Rosselló called the board’s appointment of Noel Zamot illegal and said the Puerto Rico government would challenge it.

Municipal bond veteran Paula Dagen will join the Northeast public finance group.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "posted strong growth and expectations about future activity improved further."

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

Pending home sales remained at an index reading of 106.0 in September, after a revision to August’s level.