News and Information from Bond Buyer

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday, as the three-months incurred a 1.090% high rate, up from 1.085% the prior week, and the six-months incurred a 1.240% high rate, up from 1.220% the week before.

Broker-dealers are tasked with devising a systemic, robust way of determining prices for securities, yet guidance has been vague, especially with respect to illiquid bonds.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

The municipal bond market will see more volume than it has in a while, as almost $10 billion of new deals are set to hit the screens this week.

The Empire State Manufacturing Survey showed "business activity grew at a robust pace in New York State."

Municipal market participants can now access dynamic, interactive secondary-market data from directly within the Bond Buyer experience; partnership with Municipal Bond Information Services will provide exclusive real-time market data and analytics.

S&P Global Ratings said it revised its outlook on the state of Connecticut's approximately $19 billion general obligation debt outstanding to negative from stable. At the same time, S&P said it affirmed the A-plus rating on the state's GOs.

The short-term lifeline will enable the commonwealth to make Medicaid payments while it will lacks a revenue plan.

The U.S. Virgin Islands government is seeking federal money to cover hurricane-related expenses and revenue shortfalls.

The primary muni market is set for nearly $10 billion in weekly volume, as deals from Illinois, New York and California dominate the calendar.

Emergency supplemental spending bills for natural disasters often are treated outside the normal budget.

Moody's Investors Service said it upgraded the city of Detroit, Mich.'s issuer rating to B1 from B2.

Federal allegations of basketball recruiting violations could lead to sanctions that reduce revenues for the Louisville Arena Authority's bonds.

Wenatchee, Wash. is back to investment grade after a rough couple of years.

The prairie state plans $6 billion of general obligation borrowing over the next two weeks, offerings expected to lure investors with unusually rich yields for a sovereign state credit.

The record $2.5 billion of refunding bonds from North Texas Tollway Authority attracted $19 billion of orders.

Top-shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to the next week's almost $10 billion new issue slate.

The District of Columbia transaction may have potential on a national level.

The University of Michigan's preliminary October consumer sentiment index reading was 101.1, compared to the final September 95.1 and the preliminary September 95.3, according to market sources.

Municipal bond traders on Friday are looking ahead to next week’s new issue slate as yields began the session largely unchanged.