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Rep. Steve Stivers, R-Ohio, got $10,000 in contributions from SIFMA's political action committee during the 2014 election cycle.
Municipal bond broker-dealer groups have spent nearly $5 million trying to influence federal lawmakers in recent months, using in-house lobbyists as well as outside firms and campaign contributions to promote their positions on securities laws, tax reform, and regulation.
Detroit will refinance a chunk of its water and sewer debt as part of a tender offer settlement with bondholders.  more »
New York City's Department of Education failed to recoup a cumulative $356 million in federal Medicaid funds between fiscal 2012 and 2014, said city Comptroller Scott Stringer.  more »
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The Puerto Rico Electric Power Authority's decision in its forbearance agreement to disclose certain information to only some its bondholders could put both PREPA and those investors at an increased risk of committing securities law violations, disclosure experts said Wednesday.  more »
This fall, Oregon voters will decide whether to approve a constitutional amendment that would allow the state to start an endowment fund for student aid using general obligation bond proceeds.  more »
Bond Buyer Markets Reporter Kate Smith
The market priced Friday morning's Washington Health Care Facility's Authority deal in line with a general obligation deal despite it being a hospital revenue deal. The market's tight supply has all but eliminated sector-differentiated spreads.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$350,000
San Diego Co. RTC
CA
Revenue bonds
08/20/14
9am ET
$345,240
Wake County
NC
GOs
08/19/14
11am ET
$303,490
Univ. of Colorado
CO
Revenue bonds
08/21/14
9am ET
$212,875
Kansas
KS
Revenue bonds
08/20/14
9am ET
$185,155
Albuquerque Water
NM
Revenue bonds
08/11/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.85%
4.86%
5.40%
4.19%
20-Bond
4.21%
4.24%
5.03%
3.53%
11-Bond
3.94%
3.97%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
123-14
123-12
132-15
107-01
Average Price
107.10
107.04
107.21
84.90
Yield to Par Call
3.95
3.96
6.35
3.57
Yield to Maturity
4.45
4.45
5.34
3.94

(* for calendar year)

There are no competitive bond sales scheduled for August 22, 2014.

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Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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