News and Information from Bond Buyer

Wayne County, Mich., is open to moving its unfinished downtown Detroit jail to make way for a soccer stadium, but only if it is not saddled with the money and debt it has already sunk into the project

New York City intends to sell $800 million of general obligation refunding bonds on May 18 through negotiation.

The Port of Oakland said today that containerized export volume increased 7% last month from a year ago, the fourth consecutive month of increases.

Orange County, Fla., prices $84 million of triple-A-rated new money bonds Wednesday to finance water and sewer expansion projects for its currently debt-free utility system.

With the House Natural Resources Committee planning to release a new Puerto Rico bill on Wednesday and vote on it a week later, Treasury Secretary Jack Lew traveled to the commonwealth to hold meetings to drum up support for a legislative solution.

Despite a prolonged slump in energy markets, Texas retains gilt-edged ratings that are expected to draw investors to $188.7 million of general obligation refunding bonds this week.

The current monetary policy is appropriate for now, Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari said Monday.

Austin, Texas is heading to market with $251.9 million of water utility refunding bonds with outlooks restored to stable from Moody's Investors Service and Fitch Ratings.

Top-rated municipal bonds were mostly steady at mid-session, traders said, as the market gets set to see more volume come its way this week.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixedr, as the three-months incurred a 0.240% high rate, up from 0.220% the prior week, and the six-months incurred a 0.380% high rate, off from 0.395% the week before.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

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

The Municipal Forum of New York chose 45 New York City high school seniors to be Urban Leadership Fellows for 2016.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, gained to negative 0.9 in April from negative 2.1 in March.

The Conference Board's Employment Trends Index (ETI) rose to 128.28 in April from a downwardly revised 126.42 in March, and is up 2.1% from a year ago, the group announced Monday.

The municipal bond market is set to see more volume come its way this week, with the $7.9 billion calendar topped off by a big sale from a California issuer.

Citigroup's George Friedlander is sounding the alarm for the municipal market, warning that significant changes in technology will affect the economy in profound ways that many issuers may not be prepared for.

With $4.8 billion of bond proposals on local ballots, voters across Texas generally favored issuing debt for rapidly growing school districts.

Tuesday, May 10 Issuer St Description Amount