News and Information from Bond Buyer

Puerto Rico’s November General Fund revenues came in 8.9% better than budgeted.

The Quicken Loans Arena – home of the National Basketball Association’s Cleveland Cavaliers – will receive a partially bond-financed $140 million makeover.

Top-rated municipal bonds finished mixed on Wednesday, according to traders, after the Federal Open Market Committee voted unanimously to raise its fed funds target rate by 25 basis points to between 0.50% and 0.75%.

Market groups and firms are asking the Municipal Securities Rulemaking Board to rethink proposed rule changes related to complaints, saying they should be adapted to better fit the differences in the relationships that municipal advisors have with clients and dealers have customers.

The California High-Speed Rail Authority board approved two funding plans that will clear the way for it to sell $4.7 billion in bonds.

The labor market "looks a lot like it did before the recession, Fed chair Janet Yellen said in response to a question Wednesday.

The Federal Reserve has not fallen behind the curve, Fed chair Janet Yellen said in response to a question Wednesday.

There is only a “relatively mild” chance that the massive problems of Atlantic City will contaminate Atlantic County, according to Moody’s Investors Service.

The Federal Reserve's Summary of Economic Projections was changed slightly from the dot plot issued three months ago, with three 25 basis point rate hikes projected for next year.

The Federal Open Market Committee raised its fed funds target rate by 25 basis points to between 0.50% and 0.75%, according to a statement released Wednesday afternoon.

Private investors sign contract to finance, build, and operate tolled express lanes on a Virginia highway.

New York City’s cost to house homeless people in hotels has jumped more than sevenfold over the past year.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the market prepared for the Federal Reserve's announcement on interest rates this afternoon.

Gov. Andrew Cuomo’s hurry-up offense for completing New York’s Second Avenue subway triggers questions about the MTA’s priorities.

Provident Resources Group Inc., a national nonprofit, plans to issue up to $400 million of bonds to rescue a distressed commercial proton beam therapy cancer treatment venture in Atlanta.

The IRS's Final Regulations represent a departure from current rules that will affect long-held practices for issuers, underwriters and financial advisors.

Indicator Last Report Forecast Actual PPI Oct.: unch Nov.: +0.1% Nov.: +0.4% PPI Core Oct.: -0.2% Nov.: +0.2% Nov.: +0.4% Retail Sales Oct.: +0.6% Nov.: +0.3% Nov.: +0.1% ex-Autos Oct.: +0.6% Nov.: +0.4% Nov.: +0.2% Industrial Production Oct.: +0.1% Nov.: -0.1% Nov.: -0.4% Capacity Utilization Oct.: 75.4 Nov.: 75.1 Nov.: 75.0 Business Inventories Sept.: unch Oct.: -0.1% Oct.: -0.2%

The municipal bond market was expected to remain quiet Wednesday morning as the Federal Reserve gets set to raise interest rates for the first time this year.

Industrial production was down 0.4% in November, the Federal Reserve reported Wednesday.

Dec. 14, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 2.02 3.85 4.64 5.3 Indiana Aaa/AAA/AA+ 0.92 1.81 2.48 3.29 Iowa Aaa/AAA/AAA 0.92 1.8 2.46 3.27 Michigan Aa1/AA-/AA 0.97 1.89 2.58 3.41 Minnesota Aa1/AA+/AAA 0.93 1.8 2.42 3.19 Missouri Aaa/AAA/AAA 0.92 1.75 2.37 3.18 Nebraska NR/AAA/NR 0.92 1.83 2.53 3.37 North Dakota Aa1/AA+/NR 0.96 1.87 2.56 3.37 Ohio Aa1/AA+/AA+ 0.96 1.83 2.5 3.33 South Dakota NR/AA+/AAA 0.94 1.83 2.56 3.39 Wisconsin Aa2/AA/AA 0.95 1.85 2.55 3.37