News and Information from Bond Buyer

Benjamin Barnes cited austerity measures and some revenue improvements.

In the week ended July 20, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell six basis points to 4.05% from 4.11% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The full Senate must approve David Kautter for Treasury tax policy post.

Moody's says the legislation will be credit positive for school districts and the state.

The $500 million of revenue anticipation notes may be needed to pay the state’s bills.

Top-rated municipal bonds ended stronger on Thursday, traders said, as investors snapped up debt from the Tar Heel state.

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.

The MSRB will also discuss primary offering and MA qualification requirements at its meeting.

Chicago school officials pledged to open on time after Labor Day.

Twenty six national organizations led by the National Governors Association submitted a joint letter.

Indiana's reserves were lower despite its eighth consecutive surplus.

King will be a vice president for Springsted operating from Atlanta.

Maryland’s $5.6 billion Purple Line P3 rail project can proceed with restored federal clearance.

The rating agency cited state budget volatility that affects local government aid.

The Treasury Department sold $13 billion of inflation-indexed 10-year TIPs at a 0.489% high yield, an adjusted price of 98.936936, with a 3/8% coupon.

Backers of the proposed ballot measure have to collect 365,880 valid voters' signatures by Jan. 8.

Puerto Rico Gov. Rosselló named his chief economic advisor Christian Sobrino Vega as his non-voting representative on the Oversight Board.

Top-rated municipal bonds were stronger at midday, traders said, as North Carolina competitively sold more than $550 million of bonds.

Bingham's 35-year muni career includes US Bancorp, Société Générale and Wachovia.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.