Munis

Assured Guaranty Corp. formally requested that the Puerto Rico Oversight Board revoke certification of the 10-year fiscal plan on the grounds of material non-compliance with Puerto Rico Oversight Management and Economic Stability Act.

Municipal bonds remained stronger at mid-session, after the March employment report came in weaker than expected and ahead of next week’s new issue calendar.

Municipal bonds strengthened in early activity, traders said, after the March employment report came in weaker than expected.

Illinois House Democrats pressed forward on an $800 million spending bill.

Municipal bonds ended stronger on Thursday as the last big deals of the week hit the muni market, led by the institutional pricings of the large Massachusetts and California offerings.

Municipal bonds were trading stronger at mid-session as the largest deal of the week hit the municipal bond market.

The largest deal of the week hit the municipal bond market early on Thursday with the institutional pricing of Massachusetts’ general obligation bond offering.

Los Angeles Council moved ahead with plans to issue a judgment obligation bond to cover a budget gap.

Buffalo, N.Y. received an improved credit outlook from two rating agencies ahead of a planned bond sale to address capital improvements.

Morningstar has given its “Socially Conscious” designation to the JPMorgan Municipal Income Fund, making it one of the first in the municipal bond space.

Municipal bonds were stronger at mid-session as more new deals came to market, topped by some large offerings from issuers in New Jersey, California and Pennsylvania.

The State of Connecticut (Aa3 negative) is grappling with challenges to its financial sustainability as growing expenses from unfunded pension liabilities, retiree health care costs, and bonded debt place pressure on the state's credit quality, Moody's Investors Service says in a new report.

The municipal bond market is seeing more new issue supply hit the screens on Wednesday, topped by some large deals out of New Jersey, California and Massachusetts.

The Puerto Rico Oversight Board is seeking to start debt talks on April 13.

The New Jersey Municipal Qualified Bond Act program, New Jersey County College Enhancement Bond Program, and New Jersey School Bond Reserve Act program were all downgraded in connection with the recent downgrade of the state government.

The California Senate approved a bill would bar local law enforcement officers from being “deputized” to do the work of federal immigration officers.

Jay Clayton’s nomination to be SEC chair cleared the Senate Banking Committee on Tuesday and will now move to the full Senate.

Indiana may soon take fiscal control of Gary Community School Corp. and Muncie Community Schools. Gary wants the help. Muncie Schools opposes it.

The National Collegiate Athletic Association said Tuesday that its games can return to the Tar Heel State after the recent repeal of a law seen as discriminatory to gays and transgender people.

Distressed local governments struggling under the weight of pension, healthcare, and other debts could turn to a special authority for fiscal guidance under legislation before Illinois lawmakers.