News and Information from Bond Buyer

House Ways and Means Committee Chairman Dave Camp said Wednesday that he appreciates President Obama's desire to overhaul the corporate tax code, but nonetheless is critical of the president's fiscal 2015 budget.

Newly issued Treasury securities held in stripped form increased about $1.580 billion in February to a total of $208.615 billion, the Bureau of the Public Debt reported Thursday.

Municipal bonds remained insulated from weakening Treasury prices Thursday as light supply keeps yields competitive in the secondary marketplace.

Some muni strategists are saying investors should look to intermediate and longer term bonds to mitigate interest rate risk, as rising prices for short-term bonds begin to outweigh the protection their maturities offer.

Public transit advocates push for $100 billion of federal funding for mass transit over six years in the new surface transportation spending law.

Standard & Poor's lowered Glendale, Ariz.'s, general obligation bond rating to BBB-plus from A-minus based on the agency's new criteria and retained a negative outlook.

California State Controller John Chiang released a report showing the state's health care liabilities total $65 billion and suggested a way to reduce that amount.

President Obama's 2015 budget again recommends reducing or cutting the federal government's ties to the Tennessee Valley Authority.

Missouri-based BJC Health System sold $200 million of debt to finance various projects including an expansion of its cancer center in St. Louis County in partnership with Washington University School of Medicine.

Now is the time to bring monetary policy back to normal and for the Federal Reserve, and other central banks to back away from the "interventionist" role they have taken since the crisis, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.

New York City priced $950 million of general obligation bonds on March 5, and expects to price $100 million of tax-exempt variable-rate demand bonds later in March.

William Dudley, president of the Federal Reserve Bank of New York, said that while harsh weather will slow growth during the first quarter, it won't harm the economy enough to merit slowing the tapering of bond purchases.

Moody's Investor’s Service downgraded Yeshiva University further into speculative territory Wednesday, dropping the school to B3 from B1.

Yields on municipal bonds rose Thursday morning after the U.S. government reported fewer jobless claims than were expected by economists.

The Treasury Department said it will auction $13 billion 29-year, 11-month 3¾% bonds on March 13.

The Treasury Department said it will auction $21 billion 9-year, 11-month 2 ¾% notes on March 12.

The Treasury Department said Thursday it will auction $25 billion 91-day bills and $23 billion 182-day discount bills Monday.

The Treasury Department said it will auction $30 billion three-year notes on March 11.

The total net assets of weekly reporting tax-exempt money market funds slipped to $268.64 billion after outflows of $683.2 million in the week ended March 3, according to The Money Fund Report, a service of iMoneyNet.com.

California could see low borrowing costs next week when it brings $1.6 billion of general obligation debt to market.