News and Information from Bond Buyer

As regulators move to raise execution standards, electronic trading comes to play a significantly more important role in the compliance process.

Treasury has targeted the proposed political subdivision rules as burdensome.

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.

Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.

Newly issued Treasury securities held in stripped form increased about $3.760 billion in April to a total of $249.587 billion, the Bureau of the Public Debt reported Friday.

Oregon will raise the state gasoline tax and issue bonds to fund a $5.3 billion road plan.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.

Top-shelf municipal bonds were weaker at mid-session, according to traders, who were looking ahead to next week’s hefty new issue slate. Ipreo estimates volume at $9.29 billion, consisting of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

More than two years after creating a CEO position, the Port Authority hasn't hired one.

Jessica Giroux will replace Bill Daly as NABL's director of government affairs next year.

Municipal bond traders are finishing up a sleepy week where very little happened in the secondary and the primary was even quieter.

U.S. inflationary pressures were up slightly in June, according to data released Friday morning by the Economic Cycle Research Institute.

Massachusetts legislators expect to vote Friday on the final version of a state budget.

The Illinois House overrode Gov. Bruce Rauner's veto to enact the first state budget in two years.

Moody's Investors Service has downgraded the rating for Puerto Rico Electric Power Authority's (PREPA) approximately $8.0 billion in Power Revenue Bonds to Ca from Caa3. The outlook remains negative.

Moody's Investors Service has placed the B3 general obligation (GO) rating of the Chicago Board of Education, IL (CPS) under review for possible downgrade.

In the week ended July 6, the average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.09% from 4.05% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Traffic and revenue on new managed lanes in Dallas fell below expectations in their first year.

Ohio transit funding got a boost from a veto override.