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"The state is coming to market just when supply should be ramping up following the holidays, and given the state's very high credit quality and expected large maturity sizes, we expect significant interest in Washington's bond issues," said Michael Johnson, managing partner at Gurtin Fixed Income.
Revenue and demand pressure on not-for-profit healthcare providers as they navigate federal healthcare reform will weigh down the sector for another year, Standard & Poor's said.  more »
Missouri Attorney General Chris Koster sued 13 St. Louis County municipalities Thursday alleging violations of a state law that limits how much money they can make from court-related traffic fines.  more »
As state and local governments struggled in the recession, debt grew faster than both revenues and expenditures, climbing 22% from $2.4 trillion in 2007 to $2.9 trillion in 2012.  more »
Moody's Investors Service has revised its outlook on Aaa-rated Alaska to negative from stable as plunging oil prices threaten to reduce the state's budgetary reserve.  more »
Bond Buyer Markets Reporter Christine Albano
The municipal market suffered weakness in sympathy with Treasuries as the markets reacted to global financial troubles, the oil crisis, and the news that the Federal Reserve Board will likely keep interest rates at near zero until mid 2015.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$436,410
DASNY
NY
Revenue bonds
12/16/14
9am ET
$380,450
Arizona Transport
AZ
Revenue bonds
12/16/14
9am ET
$317,285
Miami-Dade Schools
FL
Revenue bonds
12/16/14
9am ET
$314,780
Arizona Health
AZ
Revenue bonds
12/16/14
9am ET
$300,000
Chicago Metro Water
IL
GOs
12/15/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.43%
4.41%
5.40%
4.19%
20-Bond
3.65%
3.65%
5.03%
3.53%
11-Bond
3.50%
3.50%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
125-18
126-09
132-15
107-01
Average Price
107.51
108.10
110.53
84.90
Yield to Par Call
3.76
3.68
6.35
3.50
Yield to Maturity
4.30
4.27
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$37,605
College Park Bus & IDA
GA
Revenue bonds
12/18/14
11am ET
$25,100
College Park Bus & IDA
GA
Revenue bonds
12/18/14
11am ET
$11,915
Northwest Michigan College
MI
GOs
12/18/14
11:30am ET
$7,491
Glens Falls CSD
NY
BANs
12/18/14
11am ET
$5,140
East Brunswick Twp
NJ
BANs
12/18/14
11am ET

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As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

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