News and Information from Bond Buyer

The Securities and Exchange Commission's Office of Municipal Securities may propose changes to Rule 15c2-12 that would amend the list of event notices dealers must ensure issuers are disclosing.

With volume returning to normal for the first time since the election pushed yields higher, the market may struggle with the increased supply.

Time has run out on California lawmakers’ efforts to pass new transportation funding legislation in 2016, a sharp turnaround from the optimism that local government groups had expressed only a few days ago.

S&P Global Ratings analysts said new California’s law emphasis on debt management policies could bode well for issuer’s credit quality.

Pennsylvania Gov. Tom Wolf is spearheading a $300 million capital investment program at the Port of Philadelphia that will position the facility to increase annual tax revenue by 56%

Municipalities are increasingly making policy through data sets, as evidenced in New York, Pittsburgh and Columbus.

The Treasury Department said Thursday it will auction $36 billion 91-day bills and $30 billion 182-day discount bills Monday.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.215% high yield, a price of 99.419378.

Top-shelf municipal bonds were weaker at mid-session, according to traders, who were wrapping up their business ahead of Thursday’s Thanksgiving holiday and an over $9 billion supply slate next week.

As New York MTA faces another stretch of uncertainty, a faction within its board is calling for reduced fare for lower-income riders.

The Treasury Department is still working to finalize regulations on issue price by the end of the calendar year, a Treasury official told The Bond Buyer this week.

Robert Crowe, the alleged fundraising expert for a pay-to-play scheme that took place in 2010 and 2011, is fighting the SEC’s fraud charges against him in Ohio federal court.

Municipal bond traders are wrapping up their business on Wednesday, ahead of the Thanksgiving holiday on Thursday. While the market will be open for an abbreviated session on Friday, desks will be minimally staffed and most participants will be enjoying leftovers from the fridge and football on TV.

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Week Of November 28 Issuer St Description Amount

ILLINOIS

ARKANSAS

Indicator Last Report Forecast Actual Existing Home Sales Sept.: 5.47M Oct.: 5.42M Oct.: 5.60M