News and Information from Bond Buyer

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 4.03% from 4.06% in the previous week.

Puerto Rico’s governor will seek to add a debt payment moratorium and economic development initiatives to a Republican bill to help the territory resolve its financial crisis.

The San Diego Chargers have proposed a financing plan for a $1.8 billion joint use stadium-convention center in downtown San Diego that includes the issuance of $1.15 billion of tax-exempt bonds backed by a hike in the city’s hotel tax.

Municipal bond volume continued its downward spiral for a seventh month in March, even as the spring brought a surge in new money deals.

The Detroit Public Schools’ recent emergency funding package signals the state government’s commitment to help solve the district’s severe financial distress, Moody’s Investors Service said.

The Supreme Court’s refusal to take up a case on the Securities and Exchange Commission’s use of administrative proceedings to impose penalties in enforcement cases prompted a law firm to recommend those subject to administrative proceedings to challenge their constitutionality.

Top quality municipal bonds finished stronger on Thursday, according to traders, with yields on some maturities falling by as much as five basis points.

With a deadline bearing on them, Kansas legislators approved a court-mandated revision of the school funding formula designed to keep schools open in the next fiscal year beginning July 1.

Miller Canfield Plc has added three bond attorneys.

Missouri Attorney General Chris Koster is appealing a state court ruling that blocks a portion of a 2015 law aimed at reining in local governments’ reliance on municipal court fines to fund operations.

States and cities should prioritize OPEB overhaul as much as they do pension overhaul, according to a Manhattan Institute report.

Scranton, Pa.’s pending $195 million wastewater sale could help end its long stay in a state oversight program for distressed cities, Mayor Bill Courtright said.

Kentucky lawmakers sent Gov. Matt Bevin a sweeping bill authorizing public-private partnerships, although it prohibits tolls on any state transportation projects that connect with Ohio.

It is possible the Federal Open Market Committee will raise interest rates three times this year, Federal Reserve Bank of Atlanta President Dennis Lockhart said in an interview published Thursday.

The National Development Council is highlighting what it describes as its proven “American model” for social infrastructure public-private partnerships, which uses tax-exempt bonds.

Top quality municipal bonds were stronger at midday, according to traders, as the last of the week’s big new issues were priced.

New best-execution regulations fail to call for or help establish what is missing in the fixed income market – a consolidated quote feed.

Indicator Last Report Forecast Actual Initial Claims 3/19: 265,000 3/26: 265,000 3/26: 276,000 Continuing Claims 3/12: 2.180M 3/19: 2.210M 3/19: 2.173M Chicago PMI Feb.: 47.6 March: 50.0 March: 53.6

The Treasury Department said Thursday it will auction $28 billion 91-day bills and $24 billion 182-day discount bills Monday.

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.