News and Information from Bond Buyer

Top-rated municipal bonds were weaker at midday, according to traders, as the first of this week’s new deals hit the screens on Tuesday.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.970% high yield, a price of 99.924556.

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Municipal bond traders are set to see the first of this week’s new deals hit the screens on Tuesday, led by deals from New York City and Tennessee issuers.

Small businesses were more optimistic on a “surge in capital spending and high sales expectations,” according to the National Federation of Independent Business' monthly Small Business Optimism index.

Conventional thinking about local government finances must be re-examined, NLC report says.

The Cleveland-Cuyahoga County Port Authority missed a September bond payment.

Hurricane Irma is the first test in many years for the bond-funded entities created to ensure Florida residents can obtain property insurance.

Top-quality municipal bonds ended weaker on Monday, according to traders, who were looking ahead to a $7.42 billion new issue slate dominated by deals from New York City and Maryland.

Puerto Rico government representatives told the Title III bankruptcy judge that sales and use tax revenues used for paying Puerto Rico Sales Tax Corp. (COFINA) bonds belong to the commonwealth.

Two young municipal market companies joined forces in a new information service.

Minnesota's high court ordered the negotiations to resolve a funding dispute that's entangled a small piece of debt.

A compliance outreach program for municipal advisors is to be held on Nov. 8 by three regulators.

Improved reserve levels helped spur the district's first upgrade in seven years, though it remains speculative grade.

Revenue bonds backed by toll roads are looking good, according to Fitch Ratings.

Treasury acted quickly to open its SLGS window after the debt limit was suspended through Dec. 8.

After a short week with slow and low volume, the primary municipal bond market with get a normal dose of issuance this week when there is cash to be put to work. Market participants' eyes will be on New York City, which is set to bring more than $1 billion.

Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.

Municipal utility districts in the Houston area were well stocked with cash before the storm hit, analysts said.

The Treasury Department Monday auctioned $24 billion of three-year notes with a 1 3/8% coupon at a 1.433% high yield, a price of 99.830281.