Senate Clears Bill With BAB Payments
Jobs Measure Now Goes to President
By Lynn Hume, Peter Schroeder | Mar 18The Senate voted 68 to 29 to pass a $17.6 billion jobs bill requiring the Treasury Department to provide BAB-style direct payments to municipal issuers of four types of tax-credit bonds, if they want them, instead of offering tax credits to investors. [FREE]
Control by Covenant
Ravitch Talks Long-Term Budget Plan
By Ted Phillips | Mar 18While much has been made of a deficit-borrowing proposal in New York, less attention has been paid to how those bonds would force fiscal discipline through bond covenants. [FREE]
Departments Allocate $11B of QSCBs
By Lynn Hume | Mar 18The Treasury and Education departments allocated $11 billion of authority for states and large local educational agencies to issue $11 billion of QSCBs this year.
Deal in Focus
Louisiana’s Unsettled Budget Outlook Casts Cloud Over Upcoming Session
By Jim Watts | Mar 18When the Louisiana Legislature convenes for its 2010 session in 11 days, lawmakers may face a budget situation that is worse than anticipated just three months ago.
Other Headlines
Market News
Regional News
- St. Louis County Readies $123M of Special Obligation Tax-Exempts, BABs
- Indiana Finance Agency OKs Two Disaster-Area Deals
- California Sets $2B of Taxables; Budget Session Ends With No Fix
Washington
Underwriters & Dealers
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $900,000 | NY | 03/18/10 | 9am ET | ||
| $500,000 | NY | 03/17/10 | 9am ET | ||
| $436,720 | CA | 03/17/10 | 9am ET | ||
| $360,215 | NY | 03/16/10 | 9am ET | $354,500 | CA | 03/17/10 | 9am ET |
Weekly Indexes
| Current | Previous | High (last 12-months) | Low (last 12-months) | |
| Rev. Bond | 4.92% | 4.93% | 5.90% | 4.69% |
|---|---|---|---|---|
| 20-Bond | 4.33% | 4.34% | 5.16% | 3.94% |
| 11-Bond | 4.06% | 4.06% | 4.94% | 3.69% |
| 1-Yr. Note | 0.39% | 0.40% | 1.09% | 0.39% (all time) |
Today's Top Competitive Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $75,000 | NY | 03/18/10 | 11am ET | ||
| $66,075 | MA | 03/18/10 | 10:30am ET | ||
| $39,995 | MA | 03/18/10 | 10:30am ET | ||
| $35,000 | MA | 03/18/10 | 11am ET | ||
| $30,905 | MA | 03/18/10 | 10:45am ET |
