News and Information from Bond Buyer

I write in response to the September 14 guest opinion article titled, “Don’t be selective about disclosure,” written by Lynnette Kelly. Though Ms. Kelly raises important issues in her article and we support her stance overall, her facts with respect to PREPA are inaccurately portrayed.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed on Monday.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

Texas factory activity, as measured by the production index, “continued to increase in September,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Municipal market participants are gearing up for the busiest week in a while, as they prepare to see nearly $10 billion of new issuance.

The Chicago Fed National Activity Index fell to negative 0.31 and the three-month moving average slid to negative 0.04.

The state plans a $4.5 billion negotiated sale and $1.5 billion competitive sale.

It warned of deep losses under the latest efforts to repeal Obamacare.

The board approved the reallocation of $1 billion for emergency funding to recover from Hurricane Maria.

Weekly volume in the primary municipal bond market is expected to almost reach $10 billion in what should be the busiest week in 14 weeks – just in time to close out the third quarter on a good note.

Each FHLB regional bank has its own selection criteria, but they look for a real estate portfolio.

The budget Gov. Scott Walker signed authorizes more than $700 million in borrowing.

The story behind a state’s rainy day fund should be weighed heavily, some municipal analysts said at a recent event.

Moody's Investors Service said raised the Johnson County Water District 1, Kan.’s Series 2009, 2010, 2012, and 2014 water revenue bonds to Aaa from Aa1.

The city must now negotiate terms of the terminal redevelopment project with the development group.

The Dormitory Authority of the State of New York is prepping another large bond deal as part of a busy 2017 for the conduit issuer.

Top-shelf municipal bonds were stronger at midday, according to traders, who are looking ahead to next week’s $9.92 billion new issue calendar.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which has a hefty number of competitive and negotiate bond offerings slated for sale.

About 36% of municipal advisor firms are sole practitioners, MSRB says.