News and Information from Bond Buyer

The region's non-manufacturing sector “continued to expand,” this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

Former Hawaii Gov. Ben Cayetano asked President Donald Trump to defund Honolulu's elevated rail project.

Puerto Rico debt negotiations may be going nowhere with just six full days left before a court restructuring.

New Jersey’s pension funding level is the worst of the 50 U.S. states, according to new data from Pew Charitable Trusts.

Municipal bonds ended weaker on Monday, according to traders, who were awaiting the start of the week’s $8.26 billion new issue slate. The calendar consists of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

Changes to public pensions should include more accountability for those running them, and need not entail federal help, a report said.

Treasury and the IRS are asking which municipal bond projects should be on their next priority guidance plan

A new state budget is headed to Indiana Gov. Eric Holcomb's desk.

Indiana lawmakers approved a budget deal late Friday that includes an increase in the state gas tax and paves the way for interstate highway tolls.

Authority plans May sales of $350M and $83M

The $8.2 billion on local Texas bond ballots May 6 is the most since November 2015.

New Jersey school districts face fiscal pressures from Gov. Chris Christie’s proposed New Jersey budget, according to S&P Global Ratings.

The Municipal Forum of New York and the New York City Housing Authority are working to educate high school students about the Urban Leadership Fellows internship program.

Municipal bonds were trading weaker at mid-session, according to traders, who were awaiting the start of this week’s $8.26 billion new issue slate.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.820% high rate, unchanged from 0.820% the prior week, and the six-months incurred a 0.955% high rate, up from 0.945% the week before.

The Treasury Department said Monday it will sell $60 billion of four-week discount bills Tuesday.

Texas factory activity, as measured by the production index, “increased for the 10th consecutive month in April,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Municipal bond market participants are looking at this week’s $8.26 billion new issue slate, which is dominated by a big California healthcare issuer. This week’s calendar is composed of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

The Chicago Fed National Activity Index for March decreased to 0.08 from a downwardly revised 0.27 in February, the Federal Reserve Bank of Chicago reported Monday.