News and Information from Bond Buyer

The municipal bond market on Friday will be looking ahead to next week’s new issue calendar as participants eye falling bond yields. The largest deal of the upcoming week is from the Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds.

Tax hikes, cuts, and reforms are needed to tackle Illinois' fiscal crisis, a business group suggested.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices fell five basis points to 4.16% from the previous week's 4.21%.

Panelists are concerned some issuers may enter into bank loan agreements that can hurt their finances.

Bonds for Northern Illinois University student housing were sent to junk over occupancy struggles.

In an IRS-driven exchange, a Florida jail operator will exchange tax-exempt bonds for taxable debt.

S&P Global Ratings named Ken Gacka to manage analysis of the not-for-profit healthcare sector.

Municipal bonds finished stronger on Thursday as the last of this week’s larger new issue deals hit traders' screens.

New Jersey lawmakers sued, challenging the private placement of debt for the State House renovation.

California school districts are still waiting for the windfall from November's bond elections.

Allowing states to toll interstate highways could help solve Trump plan's road revenue puzzle.

The Treasury Department sold $11 billion of inflation-indexed 9-year, 8-month TIPs at a 0.420% high yield, an adjusted price of 100.496978, with a 3/8% coupon.

Connecticut's governor and lawmakers are trying to patch a projected $5 billion deficit.

Municipal bonds were trading stronger at mid-session as the last of this week’s larger new issue deals hit traders' screens.

Illinois Senate votes on a budget package left the fate of a 'grand bargain' unclear.

Joseph J. Roberts, a 46-year veteran of the municipal bond industry, died on May 14. He was 72.

The composite index of Leading Economic Indicators was up 0.3% in April following a revised 0.3% increase in March, first reported as a 0.4% gain, the Conference Board reported Thursday.

Columbia, S.C. Mayor Steve Benjamin talks about why municipal bonds play a key role in helping to finance the nation's massive infrastructure needs. The mayor is second vice president of the U.S. Conference of Mayors, which is very involved in infrastructure policy, and chair of Municipal Bonds for America, an advocacy group for tax-exempt bonds. Hosted by Lynn Hume.

Bankruptcies and defaults have taught the market that General Obligation bonds, once the bedrock credits, aren't all the same.

Municipal bond traders will be eyeing falling yields on Thursday as the market prepares for the last of this week’s larger new issue deals.