News and Information from Bond Buyer

Municipal bond yields were steady Tuesday as the week's biggest deal came to market..

New York City Mayor Bill de Blasio named Jacques Jiha finance commissioner.

Carlsbad, N.M., plans to build four elementary schools with proceeds from a $30 million bond issue.

Government

The PFM Group announced Tuesday that it is developing its K-12 education practice in California with three new hires in its San Francisco office.

A majority of Oklahomans favor and end to tax breaks for horizontal oil and gas drilling, a new poll finds.

Individual orders for the University of Connecticut UConn 2000 bond sale exceeded $168 million, which officials said was the highest level in the program's 18 years.

The regulatory framework should be simplified and transparency increased, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Tuesday.

Voters in Anchorage, Alaska approved the issuance of more than $80 million of general obligation bonds for various capital improvements throughout the city, according to unofficial election results.

A closing date for the proposed $29 sale of the St. Louis convention center hotel complex is scheduled for April 15, but the bond trustee cautions that it's not yet a done deal.

Rep. Dave Camp's draft tax reform plan, which is advertised as revenue-neutral, would actually substantially reduce revenues and increase the budget deficit after 10 years, the former counsel of a tax-writing committee said at hearing on Tuesday.

The state of Michigan last week sold $83 million of bonds last week in a deal that state officials said was four times oversubscribed and proved that the state's credit remains appealing to investors.

Federal lawmakers are examining the Canadian public-private partnership model for lessons to apply in the U.S., where a major infrastructure bank bill awaits action in both chambers of Congress.

The U.S. labor market remains "far from healthy," according to Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

Puerto Rico's March net revenues came in 1.2% below projections.

The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 7/8% coupon at a 0.895% yield, a price of 99.940929.

A Republican state lawmaker and Democratic mayors are behind an effort to overhaul Pennsylvania's municipal pension system.

A Georgia judge continues hearing arguments Thursday in the validation of $278.3 million in bonds to support the Atlanta Falcons' new stadium

While Detroit and Puerto Rico make the headlines, a cautious and conservative approach is the best bet, according to two municipal bond portfolio managers, whose strategies are representative of about three-quarters of municipal fund managers.