- New York
New York City anticipates higher projected tax revenues but widening outyear budget gaps, city Comptroller Scott Stringer tells the City Council.
May 25
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Top-quality municipal bonds were steady to weaker at mid-session, according to traders, as more new issue supply was priced on Wednesday.
May 25
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The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.188%, at a 0.190% spread, a price of 100.003850.
May 25 -
Observers should not "prejudge" the Federal Open Market Committee's June meeting, since any moves will be data-dependent, but a hike can happen even though there's no press conference after the meeting, Federal Reserve Bank of St. Louis President James Bullard said in a televised interview.
May 25 -
Municipal bond traders are waiting to see the San Diego Public Facilities Financing Authority's big sale hit the screens on Wednesday as they keep an eye on rising bond yields.
May 25 -
Debt gone wild at the teetering Penn Hills, Pa., School District has raised the specter of criminal probes after a scathing report by Pennsylvania's state auditor.
May 25
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May. 25, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.41 2.63 3.38 4.13 Indiana Aaa/AAA/AA+ 0.56 1.09 1.75 2.55 Iowa Aaa/AAA/AAA 0.56 1.08 1.75 2.55 Michigan Aa1/AA+/AA 0.6 1.14 1.82 2.65 Minnesota Aa1/AA+/AA+ 0.57 1.05 1.67 2.44 Missouri Aaa/AAA/AAA 0.56 1.02 1.64 2.44 Nebraska NR/AAA/NR 0.56 1.11 1.8 2.63 North Dakota Aa1/AA+/NR 0.59 1.15 1.83 2.63 Ohio Aa1/AA+/AA+ 0.58 1.12 1.75 2.58 South Dakota NR/AA+/AA+ 0.58 1.11 1.83 2.65 Wisconsin Aa2/AA/AA 0.56 1.09 1.73 2.53
May 25 -
5/24/2016 5/17/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $440,485 9 $419,860 $20,625 Indiana 15 68,990 15 303,895 -234,905 Iowa 4 52,600 13 245,700 -193,100 Michigan 16 245,670 11 168,275 77,395 Minnesota 39 509,118 39 358,538 150,580 Missouri 4 140,875 5 31,100 109,775 Nebraska 0 0 0 0 0 North Dakota 6 90,365 4 55,755 34,610 Ohio 3 29,435 10 204,335 -174,900 South Dakota 0 0 2 99,680 -99,680 Wisconsin 23 249,225 31 252,745 -3,520
May 25 -
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Leaders of the House Natural Resources Committee and Rep. Pedro Pierluisi on Tuesday night urged their colleagues to approve a bill to help debt-ridden Puerto Rico, even though they may not support certain provisions or worry the measure does not go far enough.
May 24
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- Texas
In its first deal with Frost Bank as its financial advisor, San Antonio Independent School District achieved savings of more than 18% on the refunding portion of a $123.7 million issue. The negotiated sale is scheduled to close June 9.
May 24
- Oklahoma
Oklahoma Gov. Mary Fallin announced an agreement with legislative leaders that narrows the states $1.3 billion budget gap while averting what she called a worst-case scenario.
May 24
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The Metropolitan Transportation Authority's $27 billion capital program for 2015 to 2019 has received final approval from the New York State Capital Program Review Board.
May 24
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A school district in Will County, Illinois faces a federal probe of its former superintendent's dealings, including the handling of bond funds.
May 24
