News and Information from Bond Buyer

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell one basis point to 4.25% in the week ended Feb 10 from 4.26% in the previous week.

House Ways and Means Committee Democrats, worried that Republicans are sabotaging the Affordable Care Act, have asked three federal agencies for information about how they are implementing President Trump’s executive order on repealing the law.

Wisconsin Gov. Scott Walker laid out a two-year, $76 billion budget that offers a mix of tax cuts, more school funding, and the lowest bonding authorization in years.

Mike Sudsina, managing partner of Vermillion, Ohio-based Sudsina & Associates, has replaced Larry Kidwell as president of the National Association of Municipal Advisors.

Top-rated municipal bonds ended weaker on Thursday, traders said, as the last few of the week’s deals trickled into the market.

The economy of Texas would take a severe hit if the Trump administration erects trade barriers with Mexico, local and state officials told the Texas Public Finance Conference.

Canton, Ohio, was slapped with a two-notch downgrade over its ongoing budget struggles.

Companion bills introduced in the House and Senate would allow state and local governments to issue up to $5 billion of private activity bonds to finance the repair or construction of public buildings under public-private partnership arrangements.

The Federal Open Market Committee can gradually raise rates until reaching the neutral rate, currently 3%, Federal Reserve Bank of Chicago President Charles Evans said Thursday.

Industry, Calif.’s leaders say they have implemented 90% of the reforms needed to fix financial irregularities that cost the city one of its bond ratings.

The Treasury Department Thursday auctioned $15 billion of 30-year bonds with a 3% coupon at a 3.005% high yield, a price of 99.901613.

Boston's $4.3 billion, or 88% growth in taxable valuation for fiscal 2017 is a credit positive, said Moody's.

Top-rated municipal bonds were weaker at mid-session, traders said, as the last few of the week's deals started to trickle into the market.

The Treasury Department said Thursday it will auction $7 billion 30-year inflation-indexed notes on Feb. 16.

The Treasury Department said Thursday it will auction $34 billion 91-day bills and $28 billion 182-day discount bills Monday.

Indicator Last Report Forecast Actual Initial Claims 1/28: 246,000 2/4: 250,000 2/4: 234,000 Continuing Claims 1/21: 2.063M 1/28: 2.050M 1/28: 2.078M Wholesale Inventories Nov.: +1.0% Dec.: +1.0% Dec.: +1.0% Wholesale Sales Nov.: +0.5% Dec.: +0.5% Dec.: +2.6%

Municipal bond traders are set for some supply on Thursday – as the last few of the week's larger deals are set to trickle into the market.

The low-safe-real-rate environment will remain in 2017, the economy will not overheat and Trump administration policy will not affect rates this year, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

Thursday, February 9 Issuer St Description Amount

Thursday, February 9 Issuer St Description Amount