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The executive branch's focus on inversions "has probably placed corporate and international tax reform on a higher priority for the administration," said Micah Green, chair of the financial services and tax policy practice group at Squire Patton Boggs.
Corporate tax reform is likely to be a priority for Congress and the Obama administration no matter which party has control of the Senate after the midterm elections, said tax experts and congressional observers who, nevertheless, differ on how this might impact municipal bonds.
Puerto Rico's planned bond sale from the Puerto Rico Infrastructure Finance Authority may lead to or prevent a default, depending on which analyst you believe.  more »
The trial on Detroit's debt-adjustment plan adjourned after court-appointed finance expert Martha Kopacz testified that its plan to exit Chapter 9 bankruptcy is feasible.  more »
The Municipal Securities Rulemaking Board announced on Wednesday that it will be offering a free six-week video series to educate municipal securities investors about fundamental disclosure documents.  more »
Harrisburg, Pa., will start the clock again for yet another city treasurer after Timothy East resigned following revelations of his personal bankruptcy. He had been named to the position in September after predecessor John Campbell was charged with theft from two nonprofit groups.  more »
Bond Buyer Markets Reporter Hillary Flynn
The $1.4 billion San Joaquin Hills Transportation Corridor Agency was able reprice its senior lien toll road refunding revenue bonds at lower yields because of buyers' heavy demand for triple-B paper, traders said.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,000,000
San Joaquin Hills Transp
CA
Revs
10/22/14
9am ET
$500,000
Metropolitan Trans Auth
NY
Revs
10/23/14
9am ET
$368,000
DC Water & Sewer
DC
Revs
10/22/14
9am ET
$305,865
State of Delware
DE
GOs
10/21/14
9am ET
$300,000
Michigan Fin Auth
CA
Revs
10/22/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.46%
4.65%
5.40%
4.19%
20-Bond
3.87%
4.01%
5.03%
3.53%
11-Bond
3.72%
3.86%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
125-16
126-06
132-15
107-01
Average Price
108.90
109.51
110.53
84.90
Yield to Par Call
3.70
3.63
6.35
3.50
Yield to Maturity
4.34
4.31
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$39,240
Milwaukee Co.
WI
GOs
10/23/14
11am ET
$24,560
Iowa BOR
IA
Revenue bonds
10/23/14
11am ET
$23,780
Tooele Co. SD
UT
GOs
10/23/14
11:30am ET
$21,890
Beaufort Co.
SC
GOs
10/23/14
11:30am ET
$19,450
Beaufort Co.
SC
GOs
10/23/14
11am ET

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Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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