News and Information from Bond Buyer

New York’s Metropolitan Transportation Authority intends to return to the catastrophe bond market.

The Federal Reserve should begin shrinking its balance sheet this year and put the reductions “on autopilot,” Federal Reserve Bank of Kansas City President and CEO Esther L. George said Tuesday.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.710% high yield, a price of 99.944778.

The House has passed legislation that proposes to profoundly change the tenets of the ACA. To probe and discuss the changes, George Huang, Director and Senior Municipal Research Analyst for the Not-For-Profit Healthcare sector at Wells Fargo, is our guest speaker. John Hallacy is our host.

Instead of obsessing over negative arbitrage, use refunding efficiency as your signal to transact.

Deals from Cuyahoga County, Ohio; Wisconsin, the city of Los Angeles and the San Francisco BART hit the market in early activity on Tuesday. Municipal bond prices weakened in early trading.

Small business owners showed enthusiasm for current conditions but are worried about the future, according to National Federation of Independent Business' monthly Small Business Optimism index published Tuesday.

The Puerto Rico Electric Power Authority said Monday it is seeking approval from the Oversight Board for its deal with its creditors that was reached outside the court supervised restructuring that's underway for other issuers in the territory.

A bond sale Maine had planned for transportation is in limbo after the governor complained.

Sonia Toledo will head a new specialty area focusing on state, city and county general finance at Frasca & Associates. Toledo joins Frasca from Wells Fargo Securities where she worked for the past seven years.

David Carrington said his experience with Jefferson County’s bankruptcy prepares him to run for Alabama’s highest office.

Infrastructure Week, is May 15-19, and it will include 66 events across the nation, many of which will focus on the need to repair and build roads, bridges, ports, water and sewer systems and other critical infrastructure.

Municipal bonds ended steady on Monday, ahead of this week’s $9.36 billion new issue calendar. This week’s slate is composed of $7.82 billion of negotiated deals and $1.54 billion of competitive sales.

MetroHealth met with investors ahead of its big, low-investment-grade healthcare deal.

The Bay Area Rapid Transit District is set to issue its first green bonds.

The Oversight Board certified a Title III filing for the Puerto Rico Sales Tax Financing Corp., affirming that its $17.9 billion of revenue bonds will be subject to court supervised restructuring along with other territorial debt.

Last week’s filing of Title III by the Oversight Board, which sets the stage for a court-supervised reorganization of Puerto Rico’s debt, was just the start of a critical series of decisions for investors in the commonwealth’s bonds. There may be developments on several Puerto Rico fronts this week.

Municipal bonds were mixed ahead of this week’s $9.36 billion new issue calendar. This week’s slate is composed of $7.82 billion of negotiated deals and $1.54 billion of competitive sales.

Oklahoma lawmakers remain divided about how to fill a $900 million shortfall.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.900% high rate, up from 0.845% the prior week, and the six-months incurred a 1.015% high rate, up from 0.975% the week before.