News and Information from Bond Buyer

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Day Indicator Last Report Forecast Tuesday Current Account Q3: -$113.0B Q4: -$128.3B Wednesday Existing Home Sales Jan.: 5.69M Feb.: 5.57M Thursday Initial Claims 3/11: 241,000 3/18: 240,000 Thursday Continuing Claims 3/4: 2.030M 3/11: n/a Thursday New Home Sales Jan.: 555,000 Feb.: 568,000 Friday Durable Goods Orders Jan.: +1.8% Feb.: +1.2% Friday ex-Trans Jan.: -0.2% Feb.: +0.5%

Government

Threats to St. Louis University’s medical accreditation adds some remote credit risks to the school’s rating if not successfully resolved, Moody’s Investors Service said.

U.S. Virgin Islands President Myron Jackson criticized Gov. Kenneth Mapp over his financial management of the territory’s financial crisis.

Municipal market participants will be more than ready to deal with another light calendar, as some uncertainty that was surrounding the market about interest rates has now subsided, helping to strengthen demand.

McCarran Airport in Las Vegas received a one-notch upgrade on its revenue bonds ahead of plans to price $187.9 million.

Amie Riggle Berlin, the SEC’s lawyer who handled its case against Miami and Michael Boudreaux, explained the important aspects of a reliance on professionals defense and the need for issuers to stay truthful in their offering documents during a conference panel.

Illinois stands to lose $40 billion in federal Medicaid funding over the next 10 years under the current Republican plan to replace the Affordable Care Act as Moody’s warns that the plan is a negative credit development for states.

Ed Fierro has joined Bracewell after leaving the SEC’s Office of Municipal Securities.

The National Collegiate Athletic Association’s 8-year extension of its lucrative broadcast agreement with two major broadcasting networks wasn’t enough to stave off a downgrade.

Trump’s 2018 budget plan threatens funding for transit projects such as Maryland’s $5.6 billion Purple Line rail P3.

New York Mayor Bill de Blasio painted a grim landscape for his city should the massive cuts in President Trump’s proposed budget materialize.

The Justice Department said it does not intend to criminally charge New York Mayor Bill de Blasio or people fundraising on his behalf.

Top-shelf municipal bonds were stronger on Friday at midday, as yield on some maturities were as many as two basis points lower, according to traders who were starting to prep for next week's estimated $4.5 billion calendar.

Labor market conditions were "little changed and momentum remained high in February," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) climbed to 0.31 in January from a revised 0.30 in January, first reported as 0.25, according to the Bank.

Portland, Maine, received an upgrade from S&P Global Ratings as it gears up to address capital improvements.

The University of Michigan's preliminary March consumer sentiment index reading was 97.6, compared to the final February 96.3, and the preliminary February 95.7, according to market sources.

The composite index of Leading Economic Indicators was up 0.6% in February following an unrevised 0.6% increase in January, the Conference Board reported Friday.