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Senate Finance Committee chair Orrin Hatch, R-Utah, is demanding Puerto Rico provide detailed financial information by March 1.
Senate Finance Committee chair Orrin Hatch on Wednesday demanded Puerto Rico Gov. Alejandro Garcia Padilla provide detailed financial information by March 1 and said he wants to come up with a plan to help the commonwealth by the end of that month.
The Government Finance Officers Association has issued an alert urging municipal issuers to be prepared for settlement offers from the Securities Exchange Commission under its program for voluntary self-reporting of violations in connection with continuing disclosure obligations.  more »
The Flint water contamination crisis and Detroit’s public school restructuring took center stage Wednesday as Michigan Gov. Rick Snyder unveiled his fiscal 2017 budget.  more »
President Obama’s proposed fiscal 2017 budget would hamper international trade by cutting funding for seaport navigation systems that are needed to accommodate new, larger cargo ships, the American Association of Port Authorities warned.  more »
The planned $160 million Plant Sciences Research Complex at North Carolina State University would be financed with state bonds, if voters approve a state bond measure March 15.
North Carolina voters decide March 15 if North Carolina can issue $2 billion of general obligation bonds to finance higher education and state capital projects.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$800,000
Houston
TX
Revenue bonds
02/09/16
9am ET
$750,000
NYC TFA
NY
Revenue bonds
02/09/16
9am ET
$365,135
Pennsylvania Tpke
PA
Revenue bonds
02/10/16
9am ET
$321,580
Washington
WA
GOs
02/09/16
11am ET
$304,980
Dallas ISD
TX
GOs
02/09/16
12pm ET
Index
Current
Previous
High
Low
Rev. Bond
3.78%
3.83%
5.40%
3.76%
20-Bond
3.30%
3.38%
5.03%
3.29%
11-Bond
2.82%
2.90%
4.75%
2.82%
 
Current
Previous
High*
Low*
BB40 Index
129-10
129-11
132-15
107-01
Average Price
109.52
109.53
110.87
84.90
Yield to Par Call
3.26
3.26
6.35
3.26
Yield to Maturity
4.01
4.01
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$100,035
South Carolina
SC
GOs
02/11/16
10:45am ET
$73,600
South Carolina
SC
GOs
02/11/16
11:15am ET
$71,935
Decatur
GA
GOs
02/11/16
10:30am ET
$40,595
South Carolina
SC
GOs
02/11/16
11:45am ET
$30,350
South Carolina
SC
GOs
02/11/16
12:15pm ET

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Gerrard Bushell, the new CEO and president for the Dormitory Authority of the State of New York, outlines his goals for one of the nation's leading municipal bond issuers with northeast regional reporter Andrew Coen.

While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. ...

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