News and Information from Bond Buyer

Day Indicator Last Report Forecast Tuesday Existing Home Sales Sept.: 5.47M Oct.: 5.42M Wednesday Durable Goods Orders Sept.: -0.1% Oct.: +1.5% Wednesday ex-Trans Sept.: +0.2% Oct.: +0.2% Wednesday Initial Claims 11/12: 235,000 11/19: 250,000 Wednesday Continuing Claims 11/5: 1.977M 11/12: 2.020M Wednesday Michigan Sentiment Oct.: 87.2 Nov.: 91.6 Wednesday Current Conditions Oct.: 105.9 Nov.: n/a Wednesday Expectations Oct.: 76.8 Nov.: n/a Wednesday New Home Sales Sept.: 593,000 Oct.: 592,000

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Rosemont, Ill. took a one-notch credit hit from Moody’s Investors Service as it prepares to take on more debt to finance a new minor league stadium.

Government

Trump’s plan is seen by finance professionals as an effort to attract private capital to infrastructure projects.

Dealers are unhappy the Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s proposal to require them to disclose their markups and markdowns to retail customers in certain transactions.

Muni yields were on the rise again on Friday, climbing as much as five basis points for some maturities, according to traders, as the market looked ahead to paltry offerings during Thanksgiving week.

A banker who serves on issuer charitable groups and donates to them raises conflict of interest questions.

Securities and Exchange Commission chair Mary Jo White said in a speech on Friday that the municipal securities market is an example of an area where the commission has brought to bear its “bolder and more unrelenting approach to enforcement to change industry behavior.”

Chicago-based Mesirow Financial has added three new members to its public finance team in the Chicago office.

Muni yields are on the rise again on Friday, as yields on some maturities are as many as three basis points higher, according to traders.

Mastic Beach, N.Y. residents voted Wednesday to dissolve their village government, a credit positive development for the struggling Long Island municipality, according to Moody’s Investors Service.

Republicans this week said they are working toward a continuing resolution to fund the federal government through March 31 instead of a full-year appropriations bill, a decision that disappointed Democrats and several GOP members.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded slightly" in November, according to the bank's monthly manufacturing survey, released Friday.

Self-driving vehicles could be the ticket for replacing the fuel tax as the main road funding mechanism, accord to transportation experts.

Massachusetts voters' rejection of charter school expansion is a credit positive for the commonwealth's urban local governments, said Moody's.

Election Day referendums approved in in Massachusetts and Maine allowing recreational marijuana will provide new revenue streams for the two New England states.

Municipal bond market participants are still recovering from a crazy week in which yields saw a 22 basis point jump in a single trading session on Monday, ruining what was supposed to be a busy week in the market with a lot of new issuance.

Municipal bond fund flows reversed course as investors pulled cash out at the fastest pace in more than three years, according to weekly Lipper data released late Thursday.