News and Information from Bond Buyer

  • California

    A California redevelopment successor agency achieved 25% savings on a $33.7 million tax allocation bond refunding.

    February 8
  • North Dakota

    North Dakota will tap the state's the state's $572 million budget reserve to the tune of $497 million to help cover a $1 billion shortfall in revenue due to a drop in oil crude prices. The state also intends to implement across-the-board budget cuts.

    February 8
    oil-pumper-istock-credit-keithszafranski-357.jpg
  • Pennsylvania

    Pennsylvania Gov. Tom Wolf will release his fiscal 2017 budget with the current one still unfinished and amid a Moody's warning about escalating pension costs.

    February 8
    wolf-tom-pa-gov-357.jpg
  • Top-quality municipal bonds were stronger at mid-session, according to traders, with yields on some maturities weakening by as much as four basis points. Treasury prices surged while U.S. equities plunged.

    February 8
    bb020916markit-03-357.jpg
  • Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.315% high rate, down from 0.350% the prior week, and the six-months incurred a 0.420% high rate, off from 0.465% the week before.

    February 8
  • Texas

    With all new leadership, the city of Houston will weigh into the bond market with $800 million of revenue and refunding bonds for its combined utility system.

    February 8
    brown-chris-houston-357.jpg
  • The Treasury Department said Monday it will sell $55 billion of four-week discount bills Tuesday.

    February 8
  • Consumers expect inflation to slow, according to the January Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

    February 8
  • Joseph F. Coleman, a veteran of the municipal bond industry, passed away on Jan. 14. He was 63 years old.

    February 8
  • The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, declined to 0.4 in January from a revised 2.3 in December, first reported as 2.9.

    February 8
  • The Conference Board's Employment Trends Index (ETI) climbed to 128.93 in January from a downwardly revised 128.71 in December, and is up 1.9% from a year ago, the group announced Monday.

    February 8
  • The municipal bond market is gearing up for the largest volume week of the year. About $9 billion of new supply is set to be priced, consisting of $6.2 billion of negotiated deals and $2.9 billion of competitive sales.

    February 8
    bb020916markit-03-357.jpg
  • Washington
    February 8
    Thumbnail for Video: Muni Minute: MCDC
  • Veteran municipal banker Faye J. Boatright has joined Blaylock Beal Van as part of an effort to expand the investment banking firm’s municipal business.

    February 8
  • Feb. 8, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.45 1.19 2.07 3.19 Delaware Aaa/AAA/AAA 0.36 0.89 1.65 2.71 Maine Aa2/AA/AA 0.39 0.95 1.75 2.82 Maryland Aaa/AAA/AAA 0.38 0.92 1.69 2.72 Massachusetts Aa1/AA+/AA+ 0.39 0.96 1.8 2.87 New Hampshire Aa1/AA/AA+ 0.39 0.93 1.71 2.81 New Jersey A2/A/A 0.73 1.56 2.45 3.51 New York Aa1/AA+/AA+ 0.38 0.91 1.72 2.88 Pennsylvania Aa3/AA+/AA+ 0.53 1.24 2.19 3.2 Rhode Island Aa2/AA/AA 0.46 1.15 2.01 3.07 Vermont Aaa/AA+/AAA 0.38 0.92 1.68 2.73 Dist. of Columbia Aa1/AA/AA 0.4 0.98 1.82 2.91 Puerto Rico Caa3/CC/CC 12.88 13.41 11.01 8.37

    February 8
  • 2/5/2016 1/29/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 5 $199,290 1 $4,300 $194,990 Delaware 0 0 0 0 0 Maine 3 34,824 1 1,775 33,049 Maryland 3 62,800 1 40,000 22,800 Massachusetts 1 7,848 4 59,693 -51,845 New Hampshire 1 16,990 0 0 16,990 New Jersey 3 20,650 2 8,625 12,025 New York 14 1,618,999 7 149,038 1,469,961 Pennsylvania 5 399,070 5 91,465 307,605 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

    February 8
  • Competitive Note Sales

    Tuesday, February 9 Issuer St Description Amount

    February 8
  • Monday, February 8 Issuer St Description Amount

    February 8
  • Negotiated Note Sales

    Week Of February 8 Issuer St Description Amount

    February 8
  • Negotiated Bond Sales

    Week Of February 8 Issuer St Description Amount

    February 8