News and Information from Bond Buyer

Municipal bond yields fell Friday as Treasuries stabilized after concerns surrounding the employment report lessened.

Texas Gov. Rick Perry is urging legislative action to designate the state as the dump site for the nation's highly radioactive waste.

As they neared final passage of a $9.2 billion budget, Arizona lawmakers dropped a controversial plan to pay a $900,000 bonus to a private prison operator.

Legislation that authorizes up to $600 million in revenue-backed borrowing for public university and state buildings in Missouri is headed to the House after Senate passage.

The Securities Industry and Financial Markets Association has released model documents designed to help its members comply with the municipal advisor registration rule, which takes effect on July 1.

Another Detroit suburb faces state takeover after a review team declared it to be in a state of financial emergency.

Energy Northwest is planning to sell $647 million next week to fund capital projects at its nuclear power plant and to refund outstanding debt.

A Marcellus Shale impact fee will have generated about $630 million by year's end, said Pennsylvania Gov. Tom Corbett, but Democrats want a severance tax.

Genesis Healthcare, an already junk-rated two-hospital system located outside Zanesville, Ohio, was downgraded by Moody's amid weak cash-flow margins.

Newly issued Treasury securities held in stripped form decreased about $1.590 billion in March to a total of $207.025 billion, the Bureau of the Public Debt reported Friday.

Siebert Brandford Shank & Co. jumped up the municipal bond senior manager ranks in the first quarter, rising to ninth place from 18th on the strength of two big airport and utility revenue deals.

Chicago-based Wintrust Wealth Management has hired veteran municipal professional Tom Greene to lead its institutional municipal bond desk.

Municipal bond and Treasury yields fell Friday afternoon as investors' concerns about the employment situation report eased.

With a hefty surplus to spend, the Florida House passed what would be the state's highest budget ever for fiscal 2015, totaling $75.3 billion. Senate and House budgets now go to conference.

Posey County, Ind., will remarket Tuesday $1.3 billion of notes in what will be the third remarketing for a controversial nitrogen fertilizer project that has run into significant political opposition.

While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.

Moody's Investors Service said it has upgraded the bond rating for Advocate Sherman Hospital, Ill., to Baa1 from Baa2.

The loss of Southwest Airlines at Jackson-Evers International Airport in Mississippi prompted Fitch Ratings to downgrade the airport to BBB-plus from A-minus.

Moody's Investors Service said it has downgraded Genesis HealthCare System, Ohio's long-term bond rating to Ba2 from Ba1.