News and Information from Bond Buyer

Investors squeezed a more modest penalty out of Chicago on a recent $419 million wastewater revenue bond deal than they have demanded on its general obligation paper, market participants said.

Landolt Securities, Inc. has been ordered by the Financial Industry Regulatory Authority to pay $20,000 for violating municipal trade reporting, books and records, and supervisory rules.

Indicator Last Report Forecast Actual CPI Aug.: -0.1% Sept.: -0.2% Sept.: -0.2% CPI Core Aug.: +0.1% Sept.: +0.1% Sept.: +0.2% Empire State Manufacturing Sept.: -14.67 Oct.: -7.40 Oct.: -11.36 Initial Jobless Claims 10/3: 262,000 10/10: 270,000 10/10: 255,000 Continuing Claims 9/26: 2.208M 10/3: 2.195M 10/3: 2.158M Philly Fed Manufacturing Sept.: -6.0 Oct.: -1.0 Oct.: -4.5 Treasury Budget Aug.: -$64.4B Sept.: +$95.0B Sept.: +$91.1B

Prices of top-rated municipal bonds finished weaker on Thursday, traders said, as a $1 billion deal from New York’s Long Island Power Authority came to market along with a $748 million offering from Hawaii.

The federal government ran a $91.1 billion budget surplus in September, the Treasury Department reported Thursday.

Standard & Poor's has affirmed its AA rating on San Mateo County Board of Education, Calif.'s certificates of participation and removed the rating from CreditWatch, where it had been placed on Sept. 16.

Arguing a recent 1 cent sales tax hike isn’t enough to solve Cook County, Ill.’s budget and pension strains, board President Toni Preckwinkle’s proposed 2016 budget relies on a mix of spending cuts and new tax revenue to close a $199 million gap.

Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to AA-minus from AA on Thief River Falls, Minn.'s general obligation debt outstanding.

The District of Columbia’s recent institutional investor conference is likely to lead to increased demand for its bonds, the city’s chief financial officer said.

The New York City Retirement Systems will pump $150 million in an AFL-CIO Housing Investment Trust affordable housing initiative, Comptroller Scott Stringer said.

Moody's Investors Service said it has downgraded Roseville Independent School District 623, Minn.'s general obligation rating to A3 from A1.

Raymond James has hired Jack Dudick in the firm’s Healthcare Finance group in Chicago.

Rockland County, N.Y., received a one-notch rating boost from Moody's Investors Service.

Prices of top-rated municipal bonds were weaker at mid-session, traders said, as the $1 billion deal from New York’s Long Island Power Authority came to market as did a $748 million offering from Hawaii

Environmental advocates called a San Diego regional planning agency’s $204 billion transportation plan a re-tread of its 2011 plan that favors highways over transit.

The Treasury Department said it will auction $7 billion 29-year, 4-month 3/4% bonds on Oct. 22.

The Treasury Department said Thursday it will auction $26 billion 91-day bills and $26 billion 182-day discount bills Monday.

The region's manufacturing sector slowed in October, as the general business conditions index narrowed to negative 4.5 from negative 6.0 in September, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The Treasury Department is now estimating that the extraordinary measures it’s been using to preserve the U.S. borrowing capacity since the debt limit was reached will be exhausted by Nov. 3 – two days earlier than a previous estimate.

Municipal bond traders are set for the institutional pricings on Thursday of deals from New York’s Long Island Power Authority and the state of Hawaii.