News and Information from Bond Buyer

The municipal bond market is ready to see negotiated and competitive offerings hit the screens on Tuesday from issuers in New York, Washington, Ohio and Maryland.

Indiana conference committees will settle differences on a new budget and transportation spending.

FINRA expanded its sanctions guidelines and suggested several penalties be more severe.

Impeachment proceedings began Monday against Alabama Gov. Robert Bentley by the House Judiciary Committee, after the state’s high court ruled that hearings could proceed.

South Carolina lawmakers will decide whether to raise the gas tax despite governor's veto threat.

Wells Fargo dropped to eighth place among municipal underwriters, hurt by last year's phony accounts scandal. Citi maintained its lead in the ranking.

New York traders on Monday were looking over the retail pricing of the big NYC Transitional Finance Authority negotiated deal. Muni finished unchanged in quiet trading as Passover kept price action muted.

California's Third District Court of Appeals found the state's cap-and-trade program is not an unconstitutional tax.

New York lawmakers finalized a new $163 billion budget over the weekend that includes additional funding for water infrastructure enhancements through capital bonding.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.525% high yield, a price of 99.927029.

The growing Fort Bend Independent School District expects to be the first to include “green bonds” as part of a $99 million issue pricing Wednesday.

Municipal bonds were unchanged in quiet trading at mid-session, according to traders, who were awaiting the first deals on the week’s $5.69 billion holiday calendar.

PABs could be used for carbon capture and storage projects under House and Senate bills

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.825% high rate, up from 0.790% the prior week, and the six-months incurred a 0.950% high rate, up from 0.910% the week before.

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

The new PREPA deal would force un-insured bondholders to accept a loss of principal, unlike the previous deal, which allowed retention of bonds at face value.

Two senators have asked Puerto Rico's oversight board to show it is following PROMESA.

In this week's Muni Minute, we examine Puerto Rico's debt restructuring negotiations, which are scheduled to begin this week... if the bondholders show up.

The municipal bond market is looking at a holiday-shortened trading week, with most of the action jammed into Tuesday and Wednesday. New issue supply is forecast at $5.69 million.

A Trump administration policy shift boosts a Mojave Desert water project.