News and Information from Bond Buyer

Pennsylvania’s pension system for public school employees spent too much on investment fees, according to the state auditor.

Municipal bonds were stronger on Friday as the market looks ahead to next week’s holiday-lite new issue slate. Secondary trading will end early ahead of the long holiday weekend.

Increasing military funding at the expense of domestic programs is likely to have a profound impact on our sovereign nation.

In the week ended May 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.11% from 4.16% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Illinois is trying to block efforts to put Medicaid providers on par with debt service payments.

Groups and companies representing bankers and investors are asking the SEC to further tailor its event disclosure proposal.

Municipal bonds finished narrowly mixed on Thursday as traders began winding up business for the week. There were no major bond sales pricing in the primary on Thursday or Friday and muni yields are expected to remain in a tight range ahead of the long holiday weekend.

Moody's Investors Service is skeptical of New Jersey’s plans to close a large structural budget gap.

New York City Council members chided Mayor Bill de Blasio for misaligned capital commitments.

Washington lawmakers are working into a second special session as they try to pass a budget.

Progressive Democrats propose $2 trillion of new, direct federal infrastructure funding.

New York City could lose $850 million if Trump's budget passes, city Comptroller Scott Stringer said.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2% coupon and a 2.060% high yield, a price of 99.610738.

The administration wants to keep the tax exemption for state and local bonds, the Treasury secretary told Senate lawmakers.

Alaska is fast approaching the point where it needs to resolve its massive budget deficit.

Gary Hall, senior managing director and head of investment banking at Siebert Cisneros Shank, talks infrastructure financing and funding in this climate of uncertainty, the performance and competitiveness of small firms in the market, the re-entrance of UBS as a market player, and what makes the municipal bond market attractive as a career choice for young people. Hosted by Chip Barnett.

Municipal bonds were trading narrowly mixed at mid-session as traders began winding up business for the week. There are no major bond sales set to price in the primary on Thursday or Friday and muni yields are expected to remain in a tight range ahead of the long holiday weekend.

Chicago's school board advanced plans to sell $900 million of short-and-long term debt.

Municipal bond traders are putting the finishing touches on the week as no major bond sales are set to price in the primary on Thursday and muni yields are expected to remain in a tight range ahead of the long holiday weekend.

Escalating debt is no major concern for New York’s Metropolitan Transportation Authority, its acting board chairman said.