News and Information from Bond Buyer

Dealer groups want the Municipal Securities Rulemaking Board and Financial Industry Regulatory Authority to adopt the same approach, but one that is less costly and burdensome, for requiring dealers acting as principals to disclose to retail customers the markups and markdowns on muni trades.

Municipal bonds finished weaker on Monday, traders said, with yields on some top-rated maturities rising by as much as four basis points. Action in the primary market kicked off with the pricing of large New York issue.

New York MTA officials is looking to go green, and they don’t mean the map colors of the Lexington Avenue subway line.

Stockton, Calif. has notched another legal win for its bankruptcy exit plan. That doesn’t mean the fight is over.

Puerto Rico on Monday cut its revenue projections for the current fiscal year by 5.2%.

U.S. Bankruptcy Judge Alan C. Stout likely will determine in January if Hillview should be the first municipality in Kentucky to qualify for Chapter 9 bankruptcy.

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

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.280% high rate, unchanged from the prior week, and the six-months incurred a 0.585% high rate, up from 0.535% the week before.

Virginia’s transportation taxes are $1 billion less than expected due primarily to low revenues from its gasoline sales tax.

With oil prices continuing to slide, the Standard & Poor’s outlook for Ector County Hospital District in the heart of the Permian Basin has slipped to negative.

After narrowly winning a runoff for election as mayor of Houston, State Rep. Sylvester Turner must deal with a weakening economy and growing problems with pension and debt.

Rep. Luke Messer, R-Ind., and local finance officers plan to continue to push a bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by bank regulators in 2014.

Municipal bonds weakened at mid-session, traders said, with yields on some top shelf maturities strengthening by as much as one basis point.

In the latest Pennsylvania budget-impasse domino to fall, S&P withdrew its ratings based on the commonwealth’s school district state aid intercept program.

Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.

Moody's Investors Service affirmed its junk-level Caa1 Atlantic City, N.J. general obligation credit rating and kept a negative outlook late Friday citing uncertainty on whether there will be enough cash to make debt payments.

The municipal bond market was set on Monday to see the start of the last full trading week of the year, which will be marked with a Federal Reserve monetary policy meeting and a small new issue calendar.

Dec. 15, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.55 1.56 2.43 3.34 Delaware Aaa/AAA/AAA 0.46 1.24 1.96 2.84 Maine Aa2/AA/AA 0.49 1.33 2.06 2.95 Maryland Aaa/AAA/AAA 0.48 1.28 2 2.85 Massachusetts Aa1/AA+/AA+ 0.5 1.33 2.11 3 New Hampshire Aa1/AA/AA+ 0.49 1.32 2.05 2.97 New Jersey A1/A/A 0.83 2.11 2.92 3.8 New York Aa1/AA+/AA+ 0.48 1.27 2.02 3.02 Pennsylvania Aa3/AA+/AA+ 0.68 1.62 2.44 3.35 Rhode Island Aa2/AA/AA 0.56 1.5 2.32 3.2 Vermont Aaa/AA+/AAA 0.48 1.26 1.99 2.86 Dist. of Columbia Aa1/AA/AA 0.52 1.37 2.17 3.06 Puerto Rico Caa3/CC/CC 12.48 14.76 10.62 8.2

12/11/2015 12/4/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 1 $10,000 4 $89,025 -$79,025 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 0 0 1 18,000 -18,000 Massachusetts 4 59,709 3 29,400 30,309 New Hampshire 0 0 1 4,675 -4,675 New Jersey 8 342,435 10 361,210 -18,775 New York 6 216,436 19 1,839,960 -1,623,524 Pennsylvania 3 87,865 7 95,750 -7,885 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 1 97,745 1 97,745 0 Puerto Rico 1 750,000 1 750,000 0