News and Information from Bond Buyer

Friday, December 9 Issuer St Description Amount

CALIFORNIA

ARKANSAS

The Securities and Exchange Commission’s top cop Andrew Ceresney plans to leave the SEC by the end of the year after helping to bring several ground-breaking municipal bonds and other enforcement cases.

Flint, Mich., and other cities with contaminated water supplies would get $170 million of federal aid under a water bill and continuing resolution passed by the House on Thursday.

A Michigan infrastructure trade group has launched a campaign to help residents and lawmakers understand the scale of state underfunding for roads and transportation.

Government

A bill introduced by Rep. Gwen Moore, D-Wis., that would shift municipal disclosure responsibilities to issuers and borrowers from underwriters could drive some localities out of the market, issuer officials warned Moore’s chief of staff on Thursday.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, were unchanged at 4.35% from the previous week.

Top-quality municipal bonds turned weaker on Thursday, traders said, with yields on some maturities rising by as much as three basis points.

A House panel approved $834 million for a new FBI headquarters that will be financed as public-private partnership.

East Cleveland Mayor Gary Norton Jr. and City Council President Thomas Wheeler have been recalled from their positions in a special election as the city plunges into insolvency.

Voters in Louisiana go to the polls Saturday to choose the remaining U.S. Senator in this election cycle, with the state’s treasurer, Republican John Kennedy, facing Democrat Foster Campbell.

For the second month in a row, Oklahoma’s tax collections from the production of oil and natural gas in November surpassed collections from the same month last year, while revenues from all sources continued to fall, according to State Treasurer Ken Miller.

The Honolulu agency that oversees Oahu’s troubled multi-billion dollar elevated rail transit system gets a reprieve from a federal agency on its plans to fill a shortfall up to $2.3 billion.

Puerto Rico Sen. Ángel Martinez Santiago is seeking “to extend the benefits of Obamacare up to its original date of 2019.”

Top-quality municipal bonds turned weaker at mid-session, traders said, with yields on some maturities rising by as much as three basis points.

The Treasury Department and Internal Revenue Service have finalized issue price rules that contain special allowances for competitive sales.

Facing a projected two-year budget shortfall of $1.7 billion, Oregon Gov. Kate Brown has proposed a biennial budget that the newly-reelected governor characterized as a “short-term” solution.

Indicator Last Report Forecast Actual Initial Claims 11/26: 268,000 12/3: 260,000 12/3: 258,000 Continuing Claims 11/19: 2.084M 11/26: 2.043M 11/26: 2.005M