News and Information from Bond Buyer

The Senate is expected to take up the legislation after it returns next week.

In the week ended Oct. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index slipped to 4.02% from 4.03% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

City Council member Paul Krekorian counters that city is still in good financial shape.

The city is looking for banks to lead a tender offer and refunding of bonds issued as part of its bankruptcy exit.

The law provides increased revenue-raising flexibility for storm water management.

Irresponsible practices by policymakers drove debt to $11.7 billion, according to a report refuted by a pension official.

Top-quality municipal bonds ended stronger on Thursday as more than $3 billion of transportation deals hit the market.

A 15-bill housing package includes $4 billion in bonds.

UBS Wealth Management Americas continues to fill out its re-emerging public finance practice, adding three more new-hires in Dallas, Los Angeles and New York.

The county must move to replace the lost revenue, the rating agency says.

Market groups and individuals asked the SEC to reject parts of an MSRB rule intended to improve transparency of dealers' private placements.

Moody’s downgraded $31 billion in Puerto Rico public sector bonds citing the reduced outlook for repayment.

The Treasury Department on Thursday auctioned $12 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 2.870% yield, a price of 97.601366.

Top quality municipal bonds were stronger at midday as two big transportation deals hit the market.

The Treasury Department said Thursday it will auction $42 billion of 91-day bills and $36 billion of 182-day discount bills on Monday, Oct. 16.

Debt restructuring proposals for the Puerto Rico Aqueduct and Sewer Authority’s senior revenue bonds haven't included any reduction in principal.

The commonwealth will also issue GANs and commonwealth transportation fund revenue bonds in November.

The municipal bond market are seeing the last of the week’s big new issues price on Thursday -- with transportation issues leading the way.

The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.

The allure of promised savings persuaded most Chicago City Council members.