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Republican Gov. Sam Brownback says 2012 legislation putting new hires in a cash-balance plan will stabilize Kansas pension funding.
The Kansas Public Employees Retirement System is under investigation by the Securities and Exchange Commission for its pension disclosure practices, a probe that began in 2010, according to a KPERS spokeswoman and bond documents.
Analysts and investors are applauding the pressure Standard & Poor's is putting on issuers to disclose their outstanding direct loans.  more »
With the votes in on Detroit's plan to deal with its $18 billion of debt, the stage is set for confirmation hearings next month that will pit unhappy bondholders and bond insurers against employees and retirees who overwhelmingly endorsed the plan.  more »
Despite significant obstacles, Detroit's proposed plan of adjustment to exit its Chapter 9 bankruptcy is feasible, according to Martha Kopacz, the municipal finance expert hired by the bankruptcy court to assess the plan.  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
121-23
121-22
132-15
107-01
Average Price
105.74
105.72
105.42
84.90
Yield to Par Call
4.13
4.13
6.35
3.57
Yield to Maturity
4.53
4.53
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$400,000
Maryland
MD
GOs
07/23/14
11am ET
$379,745
Maryland
MD
GOs
07/23/14
10:45am ET
$22,230
James City Co
VA
GOs
07/23/14
11am ET
$18,574
Lockport City SD
NY
BANs
07/23/14
11am ET
$12,600
Clarkstown CSD
NY
TANs
07/23/14
11am ET

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As the legal fight over Puerto Rico's Recovery Act heats up, Argentina and Arkansas provide roadmaps to what may lie ahead.

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