News and Information from Bond Buyer

The Treasury Department and the Internal Revenue Service hope to release guidance projects on political subdivisions and allocation and accounting rules this fall, Treasury associate tax legislative counsel John Cross told bond lawyers meeting here.

Key House committee chairman says not enough time for agreement on funding a multiyear highway bill before current extension expires.

Fitch Ratings downgraded to junk $683 million of Loma Linda University Medical Center, Calif. revenue bonds saying the hospital plans to issue more debt next year to tackle earthquake safety projects than it had anticipated.

The Dormitory Authority of the State of New York authorized $1.12 billion in new financings.

The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 2 7/8% coupon at a 2.980% high yield, a price of 97.927845.

Moody’s Investors Service downgraded the rating of Lancaster, Calif.-based Antelope Valley Hospital District further into junk territory citing the sudden resignation of the hospital’s chief executive officer this summer.

California's recent agreement with one of its employee unions to have employees prefund some of their retirement benefits is something its elected leaders want to extend to more state employees.

The New York City Transitional Finance Authority intends to sell $1.15 billion in future tax-secured subordinate bonds in September.

Prices of top-quality municipal bonds were mostly weaker at mid-session, according to traders, with yields on some maturities strengthening by as much as three basis points.

Municipal Market Analytics has recently dismissed Robert Donahue and Matthew Posner.

The Treasury Department said it will auction $13 billion 9-year 10 month inflation-protected 3/8% notes on Sept. 18.

The Treasury Department said it will auction $20 billion year bills on Sept. 15.

The Treasury Department said Thursday it will auction $20 billion 91-day bills and $20 billion 182-day discount bills Monday.

“[L]abor market conditions continue to improve” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) narrowed to negative 0.12 in August from negative 0.23 in July, according to the Bank.

New York’s Metropolitan Transportation Authority on Sunday expects to open its long-delayed 1.5-mile extension of the No. 7 subway line, a $2.4 billion, city-backed project.

Indicator Last Report Forecast Actual Import Prices July: -0.9% Aug.: -1.6% Aug.: -1.8% Export Prices July: -0.4% Aug.: -0.3% Aug.: -1.4% Initial Jobless Claims 8/29: 281,000 9/5: 275,000 9/5: 275,000 Continuing Claims 8/22: 2.259M 8/29: 2.260M 8/29: 2.260M Wholesale Inventories June: +0.7% July: +0.3% July: -0.1% Wholesale Sales June: +0.4% July: +0.1% July: -0.3%

Municipal bond traders were set for a second wave of new issuance to sweep over the market on Thursday. Riding the crest of the supply wave will be the North Texas Tollway Authority System's $750 million bond sale, buoyed by two recent rating upgrades.

The Illinois attorney general won't ask the U.S. Supreme Court to review the the Illinois Supreme Court’s voiding of the state’s 2013 pension reform legislation.

Thursday, September 10 Issuer St Description Amount

Thursday, September 10 Issuer St Description Amount