News and Information from Bond Buyer

U.S. states are continuing to see a steady decline in their credit quality, according to Conning’s State of the States municipal credit research report released on Tuesday.

Portland, Ore. Mayor Ted Wheeler's first proposed city budget includes infrastructure investment.

A bill that provides a new funding formula for Houston's police pension fund passed the Texas Senate.

The outlook on Mississippi’s AA S&P rating was revised to negative.

Advisory firm Umbaugh named Marvin Founds as its first director of Ohio education finance.

MetroHealth's ratings tumbled three notches to reflect its sizable new debt load.

Lack of full funding for FBI HQ project in new budget pact delays action on $2 billion P3 plan

Green bonds offer the socially and environmentally conscious investor the opportunity to assist the greater good by improving the biosphere in addition to returns. Muni green bond issuance has accelerated but there has been no marked advantage in their pricing and trading. Henry Shilling, Senior VP of Moody’s, highlights the trends and the reasons behind them. Hosted by John Hallacy.

Municipals were weaker at mid-session, traders said, as activity in the primary sector got underway. Several large deals kicked off the action, with offerings from issuers in Kentucky, Texas and Wisconsin leading the way.

Rhode Island released its first debt affordability report since 1999.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.725% high yield, a price of 99.943611.

The House passed a bill on Monday that aims to protect Puerto Ricans from unsuitable investments.

New projections remove $1.5 billion of projected revenue from Connecticut's budget.

Activity in the municipal bond primary sector will get underway on Tuesday with offerings from Wisconsin and Kentucky on tap. Traders will be keeping an eagle eye on yields, which have been rising.

“New York City purchasing managers demonstrated a small but directional shift in perspective in April,” the Institute for Supply Management-New York’s Report on Business index, released Tuesday, indicated.

The Trump administration’s infrastructure push will follow tax reform and healthcare, said Elaine Chao.

The Securities Industry and Financial Securities Association has revised its bond documents for issue price rules.

Lawrence, Kan., introduced a new investor website to broaden the appeal of the college town's debt.

With a 4:45 p.m. Monday deadline past, there was no announcement from the Oversight Board on use of Title III in the debt reorganization.

President Trump says he would consider raising the federal gas tax to renew highway infrastructure.