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July volume was down year over year as municipalities keep their foot on project financing, opting to rebuild reserves and liquidity instead.
A bill introduced in the House last week would allow more issuers to be able to issue bank-qualified bonds.  more »
Pedro Pierluisi, Puerto Rico's sole non-voting member of Congress, has introduced legislation that would allow the commonwealth's government to authorize certain government-owned corporations to enter Chapter 9 municipal bankruptcy.  more »
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Deals on Thursday priced with a larger importance placed on credit, as the Illinois Sports Facilities Authority deal had trouble placing while the California State University debt was eaten up quickly.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$744,290
U of Calif State Trustees
CA
Revs
07/31/14
9am ET
$300,000
George Washington Univ
DC
GOs
07/28/14
9am ET
$285,000
Illinois Sports Facs Auth
IL
Revs
07/30/14
9am ET
$230,650
San Antonio Imp
TX
Revs
07/29/14
9am ET
$150,000
MO Health & Educ Facs
MO
Revs
07/29/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.93%
4.99%
5.40%
4.19%
20-Bond
4.33%
4.29%
5.03%
3.53%
11-Bond
4.06%
4.02%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
121-21
121-31
132-15
107-01
Average Price
105.67
105.97
105.98
84.90
Yield to Par Call
4.14
4.10
6.35
3.57
Yield to Maturity
4.53
4.52
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$22,813
Rahway
NJ
BANs
07/31/14
11am ET
$19,000
Montachusett RTA
MA
RANs
07/31/14
12pm ET
$14,200
Livingson County
MI
GOs
07/31/14
2:30pm ET
$9,394
Point Pleasant Beach
NJ
BANs
07/31/14
11am ET
$9,380
Springfield Township
NJ
TANs
07/31/14
11am ET

Player Template for http://www.bondbuyer.com

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.

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