News and Information from Bond Buyer

Florida’s utilities expect to take on more debt to develop alternative water sources, Fitch Ratings says.

The Chicago Fed National Activity Index for May decreased to negative 0.26 from positive 0.57 in April, the Federal Reserve Bank of Chicago reported Monday.

As financial conditions ease, it supports the Federal Reserve's decision to remove accommodation, Federal Reserve Bank of New York President William Dudley said on Sunday.

Wells Fargo Securities hired four public finance veterans for key roles in its government and institutional banking group as it expands its housing and higher education teams.

Although the volume for the primary market will fall toward a more normal level, demand isn't expected to waver.

The governor said the Oversight Board lacks the authority decide about staffing levels and personnel spending.

A disconnect exists between actual spending and the high confidence levels seen in consumer surveys, Federal Reserve Bank of Atlanta President Raphael Bostic said in an interview published Thursday.

The economy is strong enough for gradual rate hikes to continue, despite the fact there may be a few more weak inflation reports coming, Federal Reserve Bank of Cleveland President Loretta Mester said Friday, according to published reports.

Rutgers University's outlook was revised to stable from negative by Moody’s Investors Service.

A committee overseeing Portland, Ore.'s first affordable housing bond will meet soon.

Maryland asked a federal appeals court for an emergency order restarting the $5.6 billion Purple Line P3.

Michigan lawmakers approved fundamental changes to retirement benefits for teachers.

GASB chair David Vaudt will talk about the importance of the board’s upcoming standards for state and local governments. Hosted by Lynn Hume.

Top-shelf municipal bonds were flat at midday as traders take a break from the primary on Friday to look ahead to next week’s new issue slate. an estimated $6.82 billion.

The Federal Reserve can be patient in setting monetary policy and the current rate may be the right level for the forecast horizon, Federal Reserve Bank of St. Louis President James Bullard said Friday.

A new study could plant the seeds for rail transit across the Bayonne Bridge, though it would require cooperation between the New York region's two major transportation agencies.

A bill to grant New York City design-build project authority died when the legislature adjourned.

Municipal bond traders are taking a break from the primary on Friday to go through the long list of deals that priced this week and put them into their order books.

The chief U.S. District judge for Puerto Rico has appointed a helper judge in the commonwealth's Title III bankruptcy case.

In the week ended June 22, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.04% the previous week. The BB40 Index is based on the price of 40 long-term bonds.