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"Issuance thus far has surprised to the upside," said JPMorgan's Peter DeGroot.
Municipal bond volume extended its surge in February, once again driven by refundings as issuers continued to take advantage of lower interest rates.
The Puerto Rico Electric Power Authority announced that it will miss Monday’s deadline to present a restructuring plan.  more »
Chicago's latest rating downgrade paints the city further into a financial corner; Moody's Investors Service dropped the Windy City one notch to Baa2 from Baa1.  more »
The Obama administration has no Plan B for the revenue that would be needed to support its proposed $478 billion, six-year transportation measure if Congress fails to pass its corporate tax reform proposals, Transportation Secretary Anthony Foxx said Thursday.  more »
Bond Buyer Markets Reporter Chip Barnett
Prices of top-rated municipal bonds finished mixed on Friday, traders said, as yields were unchanged to up by two basis points on the long end. While watching muni yields closely, market professionals will also be looking at another week of heavy issuance, when almost $9 billion of new supply is set to come to market.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,250,000
Atlanta
GA
Revenue bonds
02/24/15
9am ET
$732,020
Pennsylvania EDFA
PA
Revenue bonds
02/24/15
9am ET
$700,000
NYC TFA
NY
Revenue bonds
02/25/15
9am ET
$590,000
New Orleans Aviation
LA
Revenue bonds
02/26/15
9am ET
$470,000
U. of Massachusetts
MA
Revenue bonds
02/24/15
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
126-10
126-15
132-15
107-01
Average Price
107.48
107.62
110.87
84.90
Yield to Par Call
3.71
3.69
6.35
3.31
Yield to Maturity
4.26
4.25
5.34
3.94

(* for calendar year)

There are no competitive bond sales over $1 million scheduled for Feb. 27, 2015.

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