News and Information from Bond Buyer

Government

Some of the rising stars of the municipal bond market want to correct some misperceptions about their generation.

Puerto Rico Gov. Alejandro García Padilla said Friday morning that as of 6 a.m. 75% of Puerto Rican customers had electrical service.

San Diego Trolley's $1 billion federal grant is a credit positive for the transit expansion, Moody's Investors Service said in a report.

The U.S. Virgin Islands government is seeking approval of tax raises and spending cuts in advance of a planned $426 million bond sale.

Top-shelf municipal bonds ended stronger on Friday as the market was primed for a manageable new issue calendar for the upcoming week.

The Port Authority of New York and New Jersey will issue bonds to finance its share of a planned $3 billion overhaul of Manhattan’s Penn Station.

Chicago-based veteran municipal analyst Peter Stettler has joined Piper Jaffray's strategic analytics team.

MarketAxess Holdings Inc. said it expanded its execution choices for its municipal bond platform to include Muni Offerings.

Planners for a 10-county region around Nashville have approved a 25-year, $6 billion transit program.

Illinois named 15 firms to the new senior manager underwriting pool it will use for negotiated bond sales over the next three years.

A bill introduced in the Senate Thursday by three New England Democrats would create a federal green bank in order to attract larger private investments in clean energy and energy efficient projects.

A school funding case adds another layer of financial uncertainty for the beleaguered state government.

Top-shelf municipal bonds were stronger at mid-session, traders said, as the market prepared for next week's new issue slate.

Municipal bond traders were taking stock of the week's new issuance, reflecting on the impact of the Federal Reserve's inaction on interest rates and preparing to see next week's new issue slate.

The New York City Housing Development Corp. board approved the appointment of Eric Enderlin as president.

By not raising the federal funds rate target threatens the economic recovery and creates imbalances that have led to recessions, Federal Reserve Bank of Boston President and CEO Eric S. Rosengren said Friday.

Hartford’s four-notch downgrade by S&P to BBB was dramatic, given the markets’ longstanding awareness of the fiscal woes in Connecticut’s capital city.

Sep. 23, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 0.86 1.22 1.89 2.66 California Aa3/AA-/AA- 0.74 1.15 1.78 2.42 Hawaii Aa1/AA+/AA 0.76 1.12 1.71 2.51 Idaho Aa1/AA+/AA+ 0.72 1.14 1.75 2.52 Montana Aa1/AA/AA+ 0.72 1.13 1.76 2.54 Nevada Aa2/AA/AA+ 0.76 1.16 1.75 2.55 Oregon Aa1/AA+/AA+ 0.74 1.08 1.63 2.39 Washington Aa1/AA+/AA+ 0.78 1.15 1.79 2.6 Wyoming NR/AAA/NR 0.72 1.1 1.67 2.43

9/22/2016 9/15/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 2 $49,135 0 $0 $49,135 California 23 1782810 17 1,208,040 574,770 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 1 8930 0 0 8,930 Oregon 1 18255 1 33,335 -15,080 Washington 4 113350 6 87,855 25,495 Wyoming 0 0 0 0 0