News and Information from Bond Buyer

Atlantic City Mayor Donald Guardian has proposed a new budget with $35 million in cuts in an effort to bring the cash-strapped Jersey Shore locality back to fiscal health.

The Treasury Department Tuesday auctioned $12 billion of 29-year 10-month bonds with a 3% coupon at a 2.938% high yield, a price of 101.221385.

The moves are intended to boost the firm's capital markets abilities in a changing interest rate environment.

Municipal bonds were stronger at midday as the state of California competitively sold $636 million of general obligation bonds on Wednesday.

Citizens Property Insurance Corp. in Florida posted a $27 million loss in 2016 stemming from what it calls abusive “assignment of benefit” claims and litigation, which are being reviewed by the Legislature.

Demand for new roads, railways and water systems has never been greater, but government investment in public infrastructure is constrained by economic and budgetary restrictions. Are public-private partnerships the solution?

After a busy day Tuesday when billions of dollars of new issuance flooded the market, municipal bond traders are set for the last big issuance of the week.

A Puerto Rico judge has revived an “audit” of Puerto Rico’s debt.

Top-shelf municipal bond yields fell as much as four basis points as the market got a big dose of issuance, with negotiated and competitive offerings from issuers in New York, Washington, Ohio and Maryland.

Bank of Oklahoma Financial wants a federal judge to throw out a class action that alleges the bank failed in its trustee role.

California's March revenues topped projections by 23%, but are expected to soar even higher in April boosted by income tax collections.

Private investments must be big players in Trump's national infrastructure plan, BlackRock CEO says.

Identical bills pending in the Senate and House would expand the issuance of small manufacturing bonds

The California State Teachers’ Retirement System's unfunded liability has jumped.

The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 2 1/4% coupon at a 2.332% high yield, a price of 99.280319.

Top-shelf municipal bonds yields fell as much as four basis points as the market got its first dose of issuance for the week, with negotiated and competitive offerings from issuers in New York, Washington, Ohio and Maryland.

Illinois' 2017 financial profile of schools shows gains at some schools, but warns of growing cash flow strains.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.760% high yield, a price of 99.940889.

Dan Berger, senior market strategist at MMD, joins to discuss changes in the yield curve as well as look at the state of some states both good and bad. He also examines how the talk of healthcare reform has impacted bonds in that sector. Hosted by markets reporter Aaron Weitzman.

Alabama Gov. Robert Bentley pleaded guilty to misdemeanor charges and resigned late Monday, followed by Lt. Gov. Kay Ivey's swearing in as the state’s 54th chief executive.