News and Information from Bond Buyer

The Treasury Department said Monday it will sell $55 billion of four-week discount bills Tuesday.

Income expectations rose, but consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Voters across Texas approved most of the $8.2 billion of bond proposals on local ballots Saturday.

The Conference Board's Employment Trends Index (ETI) grew to 132.64 in April from 131.58 in March, and is up 4.1% from a year ago, the group announced Monday.

Municipal bond traders will be looking forward to this week’s healthy new issue slate, topped by a variety of deals from around the country.

Some analysts say the effects of President Trump's plan may be neutral or positive — assuming the muni tax exemption is preserved.

If the economy grows as expected, further rate hikes will be necessary, although they should be gradual, not one every Federal Open Market Committee meeting, Federal Reserve Bank of Cleveland President and CEO Loretta J. Mester said Monday.

The fed funds rate target is not far from the appropriate level, given the low natural rate of interest, Federal Reserve Bank of St. Louis President James Bullard said Monday.

Vote means Vernon, Calif., general fund transfers from utility will continue, a credit negative.

The sale of Illinois' Chicago headquarters is the latest issue caught in political gridlock.

Federal government expected to pay 75% of $500 million Oroville dam tab.

S&P Global Ratings revised its outlook on the District of Columbia's (DC) general obligation (GO) bonds to positive from stable and affirmed its 'AA' rating on the bonds. At the same time, S&P Global Ratings assigned its 'AA' rating and positive outlook to the district's series 2017A GO refunding bonds.

S&P dropped $244 million of bonds issued for an Indiana P3 further into junk territory.

Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico will pay in the next ten years.

Municipal market volume is set to rise to a nine week high, as issuers tap into growing demand for the securities.

Federal Reserve Bank of San Francisco President John Williams said his outlook hasn’t changed: he still expects three or four rate hikes and the beginning of reducing the Fed balance sheet to begin later this year.

GFOA tells local finance officials about the new issue price rules that tax effect on June 7 and how they will change the process of selling bonds.

Ignacio Alvarez, who takes over this summer from Richard Carrion, addresses the tough challenges the bank faces as looming cuts to government services and benefits could be painful for consumers and businesses on the Caribbean island.

Consumer credit increased by $16.4 billion in March to $3.806 trillion, the Federal Reserve reported Friday.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.