News and Information from Bond Buyer

Keith Larson, who has served on the Oregon Investment Council for almost decade, has wrapped up his council career after being term-limited Oregon Treasurer Ted Wheeler announced Wednesday.

The inadequate national investment in transportation infrastructure means it will take at least 21 years to replace or upgrade the 58,500 structurally deficient road bridges in the U.S., according to the latest bridge inventory from the Federal Highway Administration.

Hillview, Ky., and its largest creditor, Truck America, will undergo new court-ordered mediation after conducting settlements talks that failed to resolve a $15 million claim against the city, which has filed for bankruptcy.

A new Atlantic City rescue bill proposed Wednesday would give New Jersey increased power over the city's finances in an effort to avoid bankruptcy.

Investors eager to buy triple tax-exempt debt have been turning to the Pacific Ocean territories of Guam and American Samoa, where limited tax bases and large debt loads create some risks reminiscent of Puerto Rico.

The Treasury Department Thursday sold $7 billion of inflation-indexed 30-year bonds at a 1.120% yield, an adjusted price of 96.792685, with a 1% coupon.

Three groups are threatening to challenge the constitutionality of the Municipal Securities Rulemaking Board's revised pay-to-play rule for municipal advisors.

Top-rated municipal bonds were steady to a tad weaker at midday, according to traders, as the market saw a chunky slate of new issues being offered.

The Treasury Department said it will auction $13 billion one-year 11-month 0.272% floating rate notes on Wednesday, Feb. 24.

The Treasury Department said it will auction $28 billion seven-year notes on Thursday, Feb. 25.

The Treasury Department said Thursday it will auction $37 billion 91-day bills and $30 billion 182-day discount bills Monday.

Verity Health System of California agreed to repay its $278.6 million in junk-rated revenue bonds at a higher interest rate in exchange for relaxed debt service coverage requirements.

Indicator Last Report Forecast Actual Initial Jobless Claims 2/6: 269,000 2/13: 275,000 2/13: 262,000 Continuing Claims 1/30: 2.243M 2/6: 2.245M 2/6: 2.273M Philly Fed Manufacturing Jan.: -3.5 Feb.: -2.8 Feb.: -2.8 Leading Indicators Dec.: -0.3% Jan.: -0.2% Jan.: -0.2%

With time fleeting, Congress and the Administration should proceed under the authority granted them under the Territorial and Bankruptcy clauses of the U.S. Constitution.

The composite index of Leading Economic Indicators was down 0.2% in January following a 0.3% drop in December, first reported as a 0.2% decrease, the Conference Board reported Thursday.

The primary market will see another busy day on Thursday, as issuers from New York, California, Oregon, Wisconsin and Texas are expected to hit the market.

The region's manufacturing sector contracted again in February, as the general business conditions index climbed to negative 2.8 from negative 3.5 in January, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Thursday, February 18 Issuer St Description Amount

Thursday, February 18 Issuer St Description Amount

Week Of February 16 Issuer St Description Amount