News and Information from Bond Buyer

Hartford, Conn.’s latest downgrade shows Connecticut must help the city avert bankruptcy, said Mayor Luke Bronin.

Industrial production grew 1.0% in April, the Federal Reserve reported Tuesday.

After a busier than usual Monday that featured one institutional pricing, as well as a premarketing and a retail order period, municipal market participants are waiting for more action Tuesday.

The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's May Business Leaders Survey, released Tuesday.

The flexibility to veer from his traditional strategy has helped Jonathan Law of Advisors Asset Management find value in a volatile market.

SIFMA has made several bond-related infrastructure recommendations to the administration and Congress.

Minnesota's governor and GOP lawmakers have yet to settle spending differences for a new budget.

California's governor restored revenue to cities in exchange for support of his transportation bill.

MetroHealth's low-investment-grade deal received plenty of orders with attractive yields offered.

Top-shelf municipal bonds were unchanged on Monday, according to traders, who got an early start to the week with one institutional sale and retail pricing for a second deal.

All debt obligations should be disclosed without regard to materiality, NFMA said in a letter to the SEC.

Connecticut was downgraded to A1 from Aa3 by Moody's Investors Service.

West Virginia lawmakers resumed a special session Monday to iron out budget and tax cut differences.

Hartford, Conn. received another downgrade as S&P Global Ratings lowered the city to BBB-minus.

Principles of President Trump’s $1 trillion infrastructure plan to be released in a few weeks, Chao said.

New York City will end fiscal 2017 with a $4 billion surplus, the Independent Budget Office projected.

New Jersey Treasurer Ford Scudder is pushing Gov. Chris Christie’s proposal to use lottery revenue to fund pensions.

Top-shelf municipal bonds were mostly steady around midday on Monday, according to traders who got an early start to the week with one institutional sale, as well as a retail pricing for a second deal and indications of interest for a third deal.

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.905% high rate, up from 0.900% the prior week, and the six-months incurred a 1.020% high rate, up from 1.015% the week before.