News and Information from Bond Buyer

Week Of November 14 Issuer St Description Amount

Week Of November 14 Issuer St Description Amount

ILLINOIS

ARIZONA

Securities and Exchange Commission chair Mary Jo White announced today that she will leave her position at the end of the Obama administration.

Government

The Colorado Department of Transportation will study a method of charging motorists by the mile to replace the state’s fuel tax. The four-month study begins in December.

President-elect Donald Trump’s ambitious infrastructure plan and proposed widespread tax cuts will require issuers to adjust to a changing economic climate to maintain credit stability, S&P Global Ratings said Monday.

Munis continued their post-election swoon Monday, with yields on some maturities surging as many as 22 basis points higher, according to traders. Weekly volume was estimated at $11.5 billion, though traders said the volatility may delay some deals.

As government leaders both nationally and in Puerto Rico enter transition periods after last week’s elections, Treasury is reminding officials both old and new to give a high priority to assistance for the commonwealth.

California's $2 per pack increase on cigarettes is credit negative for tobacco bonds, nationally.

The Puerto Rico Oversight Board’s first island meeting will be far from population centers and be invitation only.

The opening of New York’s long-delayed $4.5 billion Second Avenue subway line by year’s end is still up in the air, said the MTA’s independent engineer.

Local governments should look to own resources to fund large transportation projects, warns Sen. Lamar Alexander, R-Tenn.

Municipal market groups and other market participants are recommending that the Municipal Securities Rulemaking Board focus its future strategic priorities on improving its EMMA system and transparency as well as cost-benefit analyses of its rulemaking.

Los Angeles Metropolitan Transportation Authority is pricing $514.8 million in bonds this week fresh off passage of a half-cent sales tax measure.

New Jersey’s bond rating was downgraded one notch to A-minus by S&P Global Ratings

Munis were way weaker on Monday around midday, as yields on some maturities were higher by as many as 20 basis points, according to traders, who are back to work after the long holiday weekend, ready to tackle a hefty $11.5 billion new issue slate.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.515% high rate, up from 0.420% the prior week, and the six-months incurred a 0.625% high rate, up from 0.535% the week before.