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Workers pour concrete at the future 96th station of New York's Second Avenue Subway. The MTA must submit its four-year capital plan by Oct. 1.
While New York's MTA is about to propose its four-year capital plan, such plans in the future could reflect vastly changing demographic patterns.
The Detroit City Council Friday approved a new regional water authority to take over the bulk of the Detroit Water and Sewer Department and also gave the green light to the city's bankruptcy settlement with bond insurer Syncora Guarantee Inc.  more »
Sophisticated investors are grabbing for high-yield municipal debt whenever they can find it, creating demand for alternatives beyond the Puerto Rico, Detroit, and tobacco bonds that dominate the non-investment grade segment of the secondary market.  more »
Partnerships between governmental or nonprofit entities and private entities should be treated favorably under private-activity bond and 501(c)(3) bond rules, the National Association of Bond Lawyers argued.  more »
Bond Buyer Markets Reporter Kate Smith
In an exclusive press briefing with Blackrock, strategists anticipated a ceiling of $5 billion of refunding opportunities, leaving investors with just new money offerings to fill portfolios.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$480,925
San Francisco Airs
CA
Revenue bonds
09/16/14
9am ET
$350,000
Massachusetts
MA
GOs
09/18/14
9am ET
$300,070
Pennsylvania Econ Dev
PA
Revenue bonds
09/17/14
9am ET
$297,000
Chicago
IL
Revenue bonds
09/16/14
9am ET
$270,000
Miami-Dade Expressway
FL
Revenue bonds
09/17/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.90%
4.86%
5.40%
4.19%
20-Bond
4.17%
4.14%
5.03%
3.53%
11-Bond
4.02%
3.99%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
123-12
123-07
132-15
107-01
Average Price
107.07
106.93
107.67
84.90
Yield to Par Call
3.95
3.96
6.35
3.57
Yield to Maturity
4.45
4.46
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$1,114
New Hartford CSD
NY
BANs
09/19/14
11am ET

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

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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