News and Information from Bond Buyer

Municipal bond market traders on Tuesday are set to see the start of this week’s supply hit the screens as several large competitive offerings are slated to sell.

The Empire State Manufacturing Survey showed "business activity grew strongly in New York State," the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index soared to 25.2 in August from 9.8 in July.

State officials say they are prepared for increased pressure on its $10 billion general fund.

Top-quality municipal bonds ended mixed on Monday, according to traders, as the market prepared for this week’s $6.7 billion new issue calendar.

The city council unanimously approved a for the city to host the games in 2028.

The U.S. Virgin Islands Water and Power Authority borrowed $14.8 million last week at a nearly 11% interest rate and plans to borrow $70 million more through bonds in the next nine weeks.

The governor wants an amendment requiring a supermajority vote of lawmakers to raise taxes and fees.

Deteriorating infrastructure will drag down U.S. economy, contractors warn.

Build America Mutual, after surviving a credit watch with its double-A rating intact, posted mixed results in the second quarter.

The Democratic majority wants to override the changes Republican Gov. Bruce Rauner made to its school funding package.

New Jersey’s Essex County neared the top of the bond rating charts 15 years after sitting in triple-B territory.

Federal Judge Juan Sánchez acknowledged the complexity of the case.

A new measure of the natural rate of unemployment implies “the elimination of labor market slack,” according to an Economic Letter published Monday.

Top-quality municipal bonds were mixed at mid-session, according to traders, as the market prepared for this week’s $6.7 billion new issue calendar.

The state of Maryland is expected to bring $1.34 billion over two competitive sales, bringing the possibility of resetting the municipal yield curve.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.015% high rate, down from 1.040% the prior week, and the six-months incurred a 1.115% high rate, off from 1.140% the week before.

A bankrupt Texas issuer hasn't missed a bond payment, in contrast to the default of an issuer that hasn't filed.

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

Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the July Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Health and Educational Building Corp. chief Robert Donovan cited a wave of refinancings.