News and Information from Bond Buyer

The Municipal Securities Rulemaking Board is proposing a limited exception to the controversial principal transaction ban in its proposed municipal advisor core conduct rule.

Tennessee’s cash-funded transportation system fails to keep pace with billions in backlogged needs, and residents must decide how to tackle the problem, Gov. Bill Haslam said Monday.

Oklahoma system will finance almost $900 million of turnpike projects with toll revenue bonds rather than state tax revenues.

Pima County, Ariz., voters delivered a harsh verdict Nov. 3, rejecting all seven bond propositions by decisive margins.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1.25% coupon at a 1.274% yield, a price of 99.938412.

The Long Island Power Authority’s credit outlook was revised to stable from negative Monday by Standard & Poor’s ahead of the utility issuing $250 million in electric system general revenue bonds.

Municipal bond traders are preparing for a relatively low volume week of $4 billion, with the first of the larger volume deals scheduled to hit the market on Tuesday.

The Securities and Exchange Commission has approved a rule from the Municipal Securities Rulemaking Board that addresses potential conflicts of interest by restricting the gifts and non-cash benefits that non-dealer municipal advisors can give to issuers and others in their professional capacities.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.135% high rate, up from 0.110% the prior week, and the six-months incurred a 0.340% high rate, up from 0.280% the week before.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills Tuesday.

The San Bernardino, Calif. redevelopment successor agency's plan to refund roughly $68 million in tax increment bonds should find an eager market despite the parent city's bankruptcy, says an investment advisor.

Municipal bond traders are preparing for a relatively low volume week of $4 billion, with the first of the larger volume deals scheduled to hit the market on Tuesday.

Massachusetts has completed a $500 million sale of Commonwealth Transportation Fund revenue bonds to help fund six new rail projects in the Bay State.

Monday, November 9 Issuer St Description Amount

Monday, November 9 Issuer St Description Amount

Week Of November 9 Issuer St Description Amount

Week Of November 9 Issuer St Description Amount

KENTUCKY

ARIZONA