Muni Holdings Beef Up
Stimulus Lifts Investor Base
By Dan Seymour | Mar 12State and local governments amassed their biggest-ever debt burden during the fourth quarter, meeting demand from retail buyers and a broadened investor base driven by federal stimulus programs. [FREE]
Trend in the Region
Wall and Main Streets Talk Past Each Other
By Andrew Ward | Mar 12SAN FRANCISCO — Two groups gathered in the San Francisco Bay Area this week to discuss municipal bonds, public budgets and interest rate swaps. [FREE]
Transportation Advocates Address Panel
By Audrey Dutton | Mar 12A high-level Department of Transportation official told lawmakers that the Obama administration will support “ambitious local initiatives” for large-scale projects, such as a 12-line transit project in Los Angeles.
Latest Jobs Bill to Have 18-Month BAB Extension
By Peter Schroeder | Mar 12A new jobs bill expected to be introduced by House Ways and Means Committee chairman Rep. Sander Levin, D-Mich., will include an 18-month extension of the Build America Bonds program, a committee spokesperson said.
Detroit Deal Nabs Decent Rates With State Back-Up
By Caitlin Devitt | Mar 12With a pledge by Michigan backing up the debt, below-investment-grade Detroit captured interest rates ranging from 2.47% to 5.375% on $250 million of distributable state aid limited-tax general obligation bonds.
Yields Decline a Bit as Firmness Creeps In
By Michael Scarchilli | Mar 12Most of The Bond Buyer’s weekly yield indexes declined slightly this week, as some firmness continued to permeate a mostly unchanged municipal market.
Other Headlines
Market News
Regional News
- Florida Water District OKs Deadline Extension for Sugar Land Buy
- Kansas City Does First Deal With All-Minority, Women and Disadvantaged Firms
- Houston Metro to Sell $2.6B for Light Rail, More Than Voters OK’d
- WTC Site Talks Continue as Deadline Looms
Washington
- Second CDR Employee Pleads Guilty
- Muni Provisions in New Dodd Bill Unlikely to Stray Much From Original
Investors & Investing
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 |
|---|---|---|---|---|---|
| $3,292 | NJ | 03/12/10 | 11am ET | ||
| $1,939 | NJ | 03/12/10 | 11am ET | ||
| $1,361 | NJ | 03/12/10 | 11am ET |
