News and Information from Bond Buyer

Municipal bonds played a key role in New York City’s rebound from the Sept. 11, 2001, terrorist attacks on the World Trade Center.

Although the economy has made progress, inflation still remains below target, which gives the Federal Reserve time to wait before raising rates, Fed Governor Lael Brainard said Monday.

The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 1 1/2% coupon at a 1.699% high yield, a price of 98.190133.

The Treasury Department Monday auctioned $24 billion of three-year notes with a 7/8% coupon at a 0.947% high yield, a price of 99.787535.

Top-shelf municipal bonds were weaker at mid-session, traders said, as the market prepares for a hefty $11.4 billion new issue calendar this week, headlined by two $1 billion-plus deals from New York issuers.

Oklahoma’s pension fund investments are among the nation’s worst performers, with some turning negative in the last fiscal year, according to state Treasurer Ken Miller.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.375% high rate, up from 0.335% the prior week, and the six-months incurred a 0.540% high rate, up from 0.470% the week before.

The orders provide some insight into what the Securities and Exchange Commission considers to be a material false or misleading statement in an offering document.

Joseph C. Taylor, who started a long career in finance as an analyst of municipal credits, died in peace on Sept. 5, after a battle with leukemia.

Admitting its budget imbalance problem is Connecticut's first step to reversing bond rating downgrades, said state Comptroller Kevin Lembo.

The Treasury Department said Thursday it will sell $35 billion of four-week discount bills Tuesday.

Consumers increased their expectations for inflation, according to the August Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

The municipal bond market is gearing up to see a hefty $11.4 billion new issue calendar hit the screens this week, headlined by two $1 billion-plus deals from New York issuers.

While refusing to opine on the remaining Federal Open Market Committee meetings for the year, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis Lockhart Monday urged the panel engage in a "serious discussion" of a rate hike.

The Chicago City Council will vote Wednesday on $3.5 billion of airport borrowing.

Monday, September 12 Issuer St Description Amount

Monday, September 12 Issuer St Description Amount

Week Of September 12 Issuer St Description Amount

Week Of September 12 Issuer St Description Amount