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The Port Authority of New York and New Jersey is plotting a return to its transportation roots, though unraveling its real estate tangle may be difficult.
Wells Fargo would lose out on financial business with the city of Chicago for two years under an ordinance proposed Friday by the City Council’s powerful Finance Committee chairman in the aftermath of the firm’s phony accounts scandal.  more »
Municipal bond issuance for September swelled 45% to $35.7 billion, the highest volume for the month in records going back to 1986, driven by an unexpected surge in new money deals.  more »
The highest tax-exempt bond priority audits for fiscal year 2017 will be on claims and returns that have been identified because of noncompliance issues, according to the work plan for the IRS’ Tax-Exempt Bond Office.  more »
Top-shelf municipal bonds finished weaker on Friday as the market gets ready for one of the biggest new issue slates of the year, with over $14 billion of new deals on tap.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$675,580
Hawaii
HI
GOs
09/29/16
9am ET
$527,690
California State PWB
CA
Revenue bonds
09/27/16
9am ET
$430,275
Massachusetts
MA
Revenue bonds
09/29/16
9am ET
$290,440
Anaheim Housing
CA
Revenue bonds
09/28/16
9am ET
$256,650
Foothills-De Anza CCD
CA
Revenue bonds
09/28/16
9am ET
Index
Current
Previous
High
Low
Rev. Bond
3.31%
3.23%
5.40%
2.98%
20-Bond
3.06%
2.98%
5.03%
2.80%
11-Bond
2.64%
2.56%
4.75%
2.39%
 
Current
Previous
High*
Low*
BB40 Index
132-28
133-02
136-01
107-01
Average Price
111.30
111.46
114.72
84.90
Yield to Par Call
2.85
2.83
6.35
2.52
Yield to Maturity
3.82
3.81
5.34
3.71

(* for calendar year)

There are no competitive bond sales over $1 million scheduled for Sept. 30, 2016.


Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

Regardless of which candidate takes the oath of office next January, improving our country’s infrastructure will be on the next president’s agenda.

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