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The final money market fund rule means major changes, SEC chairman Mary Jo White said Wednesday.
The Securities and Exchange Commission voted 3-2 on Wednesday to require institutional money market mutual funds to adopt a floating net asset value.
Financial advisor Calvin Grigsby of Grigsby & Associates filed a federal lawsuit against the Shreveport, La., City Council after the city sued his firm accusing him of overbilling financial advisory fees.  more »
As anticipated, Maryland's large general obligation deal priced Wednesday, picking up aggressive bids that bumped up MMD yields along the mid to long end of the curve.  more »
The Municipal Securities Rulemaking Board on Wednesday proposed a revised draft rule to establish the core duties of municipal advisors, tweaking some of the provisions that generated the most controversy in January's first draft.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$722,910
New Mexico Mun Auth
NM
Revs
07/22/14
9am ET
$400,000
Maryland
MD
GOs
07/23/14
11am ET
$383,570
Beaverton SD
OR
GOs
07/22/14
9am ET
$379,745
Maryland
MD
GOs
07/23/14
10:45am ET
$310,000
Miami-Dade Co
FL
TANs
07/22/14
11am ET
Index
Current
Previous
High
Low
Rev. Bond
5.07%
5.03%
5.40%
4.19%
20-Bond
4.36%
4.38%
5.03%
3.53%
11-Bond
4.09%
4.11%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
122-00
121-23
132-15
107-01
Average Price
105.98
105.74
105.98
84.90
Yield to Par Call
4.10
4.13
6.35
3.57
Yield to Maturity
4.52
4.53
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$200,625
Alabama
AL
GOs
07/24/14
11am ET
$170,490
Oyster Bay
NY
GOs
07/24/14
11:30am ET
$90,000
Frisco
TX
Revs
07/24/14
12pm ET
$57,115
New Mexico Fin Auth
NM
Revs
07/24/14
10am ET
$31,173
Ithaca
NY
BANs
07/24/14
11am ET

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Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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