News and Information from Bond Buyer

Top-quality municipal bonds were stronger at mid-session, as deals from Virginia and Georgia issuers hit the market on Wednesday.

Municipal bond traders will be seeing more deals come their way on Wednesday with competitive sales from a Virginia issuer and a negotiated deal from Georgia.

The Illinois governor says he will use his amendatory veto powers to shift some Chicago school aid to other districts.

Major bondholders and three bond insurers filed papers Tuesday seeking a receiver for the Puerto Rico Electric Power Authority.

Governors want Congress to focus on "controlling costs and stabilizing markets.''

Top-rated municipal bonds finished stronger on Tuesday as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering of four bond sales totaling almost $1.5 billion.

State and local government groups may not have a public opportunity to voice their arguments against eliminating state and local tax deductions.

The Title III bankruptcy judge approved a deal to pay Puerto Rico Employees Retirement System bondholders interest through October.

Lawmakers will get a chance to override the governor's vetoes.

The debt would help finance a project to divert Red River floods away from Fargo, N.D. and Morehead, Minn.

Among those affected by the EnerVest collapse are public pension funds in Texas, Colorado, Illinois, New Mexico, California and Florida.

House appropriators adopt 2018 spending plan that defunds TIGER and trims HUD grants.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering four bond sales totaling almost $1.5 billion while the state of New Mexico brought two sales totaling over $380 million.

S&P dropped Alaska to AA amid dwindling budget reserves.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.955% high yield, a price of 99.925722.

Sean Carney, director and head of municipal strategy at BlackRock, talks about municipal issuance in the first half of 2017 and makes some predictions on how the second half of the year will look. He also discusses distressed states — which state could recover first and why and how a downgrade of Illinois would be a big deal for the market. Hosted by Aaron Weitzman in a conversation recorded on June 29.

A decreased reliance on bonds to finance capital investments has created a need for more municipal market research tools, experts said.

While EMMA has helped the market, it has not bridged the gap between institutional and retail.

Builders’ confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index fell to 64 in July from a downwardly revised 66 in June.