News and Information from Bond Buyer

Former SEC lawyer Peter Chan has some ideas where SEC enforcement actions may be headed.

Strong demand for New York State’s new free public college tuition program could disrupt the private higher education landscape.

The bill contains $15.25B in hurricane aid and a 90-day debt ceiling suspension and spending measure.

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

Top-shelf municipal bonds were stronger at midday, according to traders, who are looking ahead to next week’s new issue calendar, which is estimated to total $7.42 billion.

The Treasury Department Friday sold $20 billion 7-day cash management bills, dated Sept. 8, due Sept. 15, at a 1.010% high tender rate.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.

The Treasury Department said it will auction $20 million 7-day cash management bills on Sept. 8.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be dominated by big bond deals from New York City and Maryland.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98%, from 3.99% last week.

Legislative package will provide more time for tax reform and pave the way for SLGS sales

The offering follows the resolution of legal challenges to toll rate increases.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Lower-rated issuers like Puerto Rico have been slower to rebound from past natural disasters, municipal analysts said.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $583 million sale.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

Newly issued Treasury securities held in stripped form increased about $3.212 billion in August to a total of $254.293 billion, the Bureau of the Public Debt reported Thursday.

Public retirement plans are walking a tightrope with high-yield return strategies, Moody's said.

The action by the University of the Sciences in Philadelphia is a response to enrollment challenges.