News and Information from Bond Buyer

A federal investigation into loan guarantees made by the Town of Oyster Bay, N.Y. could impact the credit rating of New York's fourth largest township, according to Moody's Investors Service.

A proposed P3 procurement center at the Transportation Department would assist states in reaching effective agreements with private investors.

The city of Flint, Mich. has asked Gov. Rick Snyder for $30 million to tackle contamination in its water supply, which has been a problem since the city broke off from the Detroit Water and Sewerage Department.

The Pennsylvania Senate is scheduled to reconvene with lawmakers and Gov. Tom Wolf still at odds over how to fund the $30 billion fiscal 2016 budget.

Four broker-dealer firms have been ordered by the Financial Industry Regulatory Authority to pay a total of $67,500 for municipal trade reporting and related violations.

As it prepares to sell bonds, the Wayne County Airport Authority, which runs Detroit’s airport, is highlighting its legal and political separations from its struggling home county, which is in the midst of a financial emergency.

A Pennsylvania court upheld theft and corruption charges against former Harrisburg mayor Stephen Reed and sent the case to trial.

Eight Hispanic lawmakers called on the Department of Treasury Monday to take a more active role in helping Puerto Rico with its worsening fiscal situation by engaging Congress over pending Chapter 9 bankruptcy legislation.

Prices of top-shelf municipal bonds were weaker at mid-session, traders said, with yields on some maturities strengthening by as much as three basis points. The state of Ohio competitively sold three bonds deals totaling about $250 million.

Richard “Rick” Bellinger died in Suffern, N.Y. on Sept. 10, 2015. He was 65. Bellinger worked at Lehman Brothers for more than 30 years and reached the level of Senior Managing Director at the firm. He was an accomplished municipal bond broker who was well known for his fairness and integrity.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.440% high yield, a price of 99.555111.

The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.000% high yield, a price of 100.000000.

Martin County, Fla., filed a petition for writ of certiorari Sept. 3 asking an Orange County court to overturn approval of the $1.75 billion in bonds for Florida’s passenger train project.

The Bond Buyer and Interactive Data Corp. have introduced Puerto Rico Drilldown, an interactive tool to help bond investors sort and analyze their holdings as the commonwealth heads for the biggest debt restructuring in municipal history.

Some of the past year’s decline might have been caused by a stronger dollar reducing demand for U.S. products, but the main factor is likely lower energy and commodity prices.

The municipal bond market is waiting for today’s deal from The Buckeye State, which is offering about $250 million of general obligation bonds in three separate Ohio sales.

The Empire State Manufacturing Survey was up slightly as the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index climbed to negative 14.67 in September from negative 14.92 in August.

Tuesday, September 15 Issuer St Description Amount

Tuesday, September 15 Issuer St Description Amount

Week Of September 14 Issuer St Description Amount