News and Information from Bond Buyer

U.S. inflationary pressures were up in July, as the U.S. future inflation gauge grew to 101.2 from an revised June 100.8 reading, first reported as 100.5, according to data released Friday morning by the Economic Cycle Research Institute.

Municipal bond market traders are looking ahead to next week's new issue calendar, which is led by the Kansas Development Finance Authority's $1 billion deal.

Standard & Poor's Ratings Services said it raised its long-term rating to A-minus from BBB-plus on the Successor Agency to the Azusa Redevelopment Agency, Calif.'s subordinate refunding tax allocation bonds, series 2014A.

Nonfarm payrolls posted a 215,000 increase and June-May revisions totaled a 14,000 rise. This was in line with expectations.

Arkansas revenues reported for July were below the same month last year but above projections, state officials said.

Los Angeles has agreed to return control of LA/Ontario International Airport to an Ontario, Calif.-based local authority.

Monday, August 10 Issuer St Description Amount

Monday, August 10 Issuer St Description Amount

ALABAMA

Week Of August 10 Issuer St Description Amount

Friday, August 7 Issuer St Description Amount

ARKANSAS

Municipal bond funds suffered a second week of redemptions, according to the latest Lipper data. Funds which report weekly posted $308.245 million of outflows in the week ended Aug. 5, after experiencing outflows of $73.372 million in the previous week.

For the week ended August 6, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased one basis point to 4.39%, from 4.40% the previous week.

Government

Puerto Rico's recent decision to stop setting aside money for its general obligation bonds set off debate over how and whether the government will make its Jan. 1 GO payment.

New York City has announced the results of an RPF for the selection of financial advisors, pricing advisors and swap advisors for bond sales by the city and by its financial entities. The selection process was held in collaboration with the comptroller's office.

Chicago's Midway International Airport is in line for $250 million in upgrades under a plan announced Thursday by Mayor Rahm Emanuel.

The New Jersey Senate Legislative Oversight Committee will hold hearings on Aug. 10 that address rail tunnel repairs and long-term transportation challenges facing the Garden State.

Prices of top-rated municipal bonds finished unchanged to slightly stronger on Thursday, according to traders, with yields steady to as much as one basis point weaker.