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Micah Green, a partner at Squire Patton Boggs, said "the unanimity of the entire community is not what it should be."
Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.
Mikhail Foux who has spent the past eight years at Citigroup, is leaving to be the head of municipal bond strategy at Barclays Capital, according to a person with first-hand knowledge of the move.  more »
The Puerto Rico legislature is considering amendments to Puerto Rico's planned oil tax bond to make it more attractive to investors.  more »
Bond Buyer Markets Reporters Chip Barnett and Aaron Weitzman
Prices of top-rated municipal bonds finished slightly weaker on Thursday, traders said, with yields on some maturities rising by a basis point. Meanwhile, the Los Angeles Department of Water and Power, Calif., came to market with $508 million of power system revenue bonds.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,900,000
California
CA
GOs
03/04/15
9am ET
$518,000
Maryland
MD
GOs
03/04/15
11am ET
$495,000
Los Angeles DWP
CA
Revenue bonds
03/05/15
9am ET
$403,995
Maryland
MD
GOs
03/04/15
10:45am ET
$341,775
Arizona State U.
AZ
Revenue bonds
03/04/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.28%
4.23%
5.40%
4.06%
20-Bond
3.62%
3.60%
5.03%
3.29%
11-Bond
3.47%
3.45%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
125-27
125-26
132-15
107-01
Average Price
107.07
107.04
110.87
84.90
Yield to Par Call
3.76
3.76
6.35
3.31
Yield to Maturity
4.28
4.28
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$39,378
Brookhaven
NY
GOs
03/05/15
11am ET
$18,565
Oldham Co. SDFC
KY
Revenue bonds
03/05/15
11am ET
$18,345
Rochester
NY
BANs
03/05/15
11am ET
$15,860
Coventry
RI
GOs
03/05/15
11am ET
$14,500
Fort Bend Co. LID 7
TX
GOs
03/05/15
12pm ET

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The dialogue over tax reform provides an opening for state and local governments to educate members of Congress and their staff about municipal bonds, how they work and what they do.

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