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Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.
The junk-rated Chicago Board of Education authorized up to $1.5 billion in short-term and $945 million of long-term borrowing and signed off on a $5.4 billion budget despite warnings that the plan relies on precarious assumptions.  more »
The Securities and Exchange Commission’s settlements with 71 issuers announced on Wednesday under a voluntary continuing disclosure enforcement initiative showed “a widespread and pervasive problem” with continuing disclosure in the municipal bond market but have led to some improvements, the SEC’s enforcement chief said Wednesday.  more »
The Securities and Exchange Commission’s settlements with 71 issuers announced on Wednesday under a voluntary continuing disclosure enforcement initiative showed “a widespread and pervasive problem” with continuing disclosure in the municipal bond market but have led to some improvements, the SEC’s enforcement chief said Wednesday.  more »
Illinois’ largest retirement fund will review its assumed investment rate Friday amid a warning from Gov. Bruce Rauner’s administration that lowering it from 7.5% could have a “devastating” impact on funding for social services and education.  more »
Top quality municipal bonds finished unchanged on Wednesday, according to traders, as some of the week’s biggest deals sold in the competitive arena.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$481,965
Brooklyn ALDC
NY
Revenue bonds
08/16/16
9am ET
$455,440
Los Angeles USD
CA
GOs
08/18/16
11am ET
$421,525
Honolulu
HI
Revenue bonds
08/17/16
9am ET
$243,375
New Jersey HCFFA
NJ
Revenue bonds
08/16/16
9am ET
$160,455
Grapevine-Colleyville ISD
TXL
GOs
08/18/16
9am ET
Index
Current
Previous
High
Low
Rev. Bond
3.06%
3.06%
5.40%
2.98%
20-Bond
2.84%
2.85%
5.03%
2.80%
11-Bond
2.42%
2.43%
4.75%
2.39%
 
Current
Previous
High*
Low*
BB40 Index
134-10
134-11
136-01
107-01
Average Price
112.57
112.60
114.72
84.90
Yield to Par Call
2.70
2.69
6.35
2.52
Yield to Maturity
3.75
3.75
5.34
3.71

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$550,000
Massachusetts
MA
GOs
08/25/16
10am ET
$284,545
Massachusetts
MA
GOs
08/25/16
10:30am ET
$273,355
Penn Hgr Educ Facs
PA
Revs
08/25/16
11:30am ET
$198,620
Illinois
IL
Revs
08/25/16
12pm ET
$164,305
Illinois
IL
Revs
08/25/16
11am ET


Dean Fuleihan, New York City’s Director of Management and Budget, sits down with The Bond Buyer’s Senior Marker Reporter Chip Barnett to talk about the city’s fiscal 2017 budget. Fuleihan also discusses the city’s aging infrastructure and what it takes to get the right balance between maintaining the old and building the new.

While there is something wild about callable premium bonds, fortunately there may be a way to tame them.

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