News and Information from Bond Buyer

Friday, April 11 Issuer St Description Amount

ARKANSAS

ALABAMA

The Bond Buyer's muni bond indexes strengthened in the week ending April 3, as Treasury yields declined.

Illinois sold $250 million of general obligation bonds Thursday in a competitive sale that saw some further narrowing of the state's interest rate spreads.

Municipal bonds strengthened Thursday, extending a rally that began April 4 into the fifth trading session.

Sacramento, Calif. Mayor Kevin Johnson will become the new president of the U.S. Conference of Mayors when he is sworn in April 16, the group announced Thursday.

Tax-exempt money market funds increased total net assets by $1.58 billion to $270.38 billion in the week ended April 7, reversing recent weeks’ outflows, according to The Money Fund Report, a service of iMoneyNet.com.

Municipal fund flows rebounded the week ending April 9, as funds reported the largest amount of inflows since the start of 2014.

Citi is urging bank regulators to treat most municipal securities as high quality liquid assets in a banking rule proposed to ensure banks are equipped to handle severe financial and economic stress.

Government

Leaders on the Senate Environment and Public Works committee said they reached an agreement on principles for a surface transportation reauthorization bill and suggested funding could be raised through tax reform.

Moody's Investors Service hit Milwaukee with a one-notch downgrade to Aa3 following a review prompted by its change in local government general obligation methodology earlier this year.

The Washington State Housing Finance Commission is helping victims displaced by the recent mudslide by speeding up the process of applying for housing.

KeyBanc Capital Markets Inc. has hired Mark Fisher to serve as a managing director in its public finance group, overseeing business in Ohio and Michigan.

The Harris County-Houston Sports Authority plans to pay off $125 million of variable-rate bonds whose payments were accelerated in the wake of the 2008 financial collapse.

Four retired Chattanooga, Tenn., police and firefighters attempting to block recent pension reform measures filed suit against the city and pension fund.

A comprehensive bill introduced by California Sen. Darrell Steinberg seeks to resolve some of the thornier issues involved in winding down redevelopment agencies including what to do about $1.5 billion of bonds issued in 2011 that are stuck in limbo.

Market participants believe Detroit's settlement with three bond insurers Wednesday is a breakthrough in the city's bankruptcy proceedings, even though it is not final and leaves many questions unanswered.

The federal government ran a $36.9 billion deficit in March, the Treasury Department reported Thursday.