News and Information from Bond Buyer

Puerto Rico government and federal lenders to the Puerto Rico Aqueduct and Sewer Authority have extended their forbearance periods for the authority.

Kentucky’s credit outlook was revised to negative ahead of an upcoming bond deal, a change S&P Global Ratings said was triggered by the state’s unfunded pension obligations.

Indicator Last Report Forecast Actual Import Prices Nov.: -0.2% Dec.: +0.7% Dec.: +0.4% Export Prices Nov.: -0.1% Dec.: +0.1% Dec.: +0.3% Initial Claims 12/31: 237,000 1/07: 255,000 1/07: 247,000 Continuing Claims 12/24: 2.116M 12/31: 2.088M 12/31: 2.087M Budget Statement Nov.: -$136.7B Dec.: -$21.0B Dec.: -$27.5B

Thirty-nine of 40 large infrastructure projects with significant economic paybacks face funding challenges.

The federal government ran a $27.5 billion deficit in December, the Treasury Department reported Thursday

Any effects from President-elect Donald Trump's stimulus policies won't be seen before next year and inflation seems tame, so the fed funds rate target can remain low, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

California Gov. Jerry Brown wants the state to hold off on selling the $9 billion of general obligation bonds the state’s voters approved in November.

The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2 7/8% coupon at a 2.914% high yield, a price of 99.221642.

The Philadelphia Area Municipal Analysts Society will provide its 2017 market outlook at the group’s Jan. 19 meeting.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the last of this week's large sales were coming to market.

The San Diego Chargers are exercising their option to move to Los Angeles.

Municipal market participants see a slowing of Treasury Department and Internal Revenue Service guidance and rules in 2017, but plan to closely watch for tweaks to management contract guidance, final requirements for public approval of private activity bonds and political subdivision rules.

Municipal market participants see a slowing of Treasury Department and Internal Revenue Service guidance and rules in 2017, but plan to closely watch rules on political subdivisions, tweaks to management contract guidance, and rules for public approval of private activity bonds.

The Treasury Department said it will auction $13 billion 10-year inflation-protected notes on Jan. 19.

The Treasury Department said Thursday it will sell $45 billion of four-week discount bills Tuesday.

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

Following the Bridgegate scandal, there's been another political collision in the Port Authority of New York and New Jersey's world.

Municipal bond traders are set for the last of this week's large sales to price on Thursday after two days of healthy new issuance.

With a strong labor market and inflation on its way to 2%, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker expects three increases in the fed funds rate target this year, he said Thursday.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.