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Image: Marc A. Hermann/MTA New York City Transit
MTA Chair Thomas Prendergast and New York Gov. Andrew Cuomo, pictured on a September subway ride, have a lot to discuss about the MTA's capital plan.
Leadership chaos in Albany following the arrest of Assembly Speaker Sheldon Silver on federal corruption charges could further complicate an already difficult task for New York MTA: obtaining approval of its $32 billion capital plan.
Bonds issued by the Village Center Community Development District in Florida, the subject of a years-long audit and a controversial technical advice memorandum, are taxable private-activity bonds, the IRS said in a new notice of proposed issue.  more »
The arrival of an emergency manager in Atlantic City, N.J. triggered a six-notch downgrade by Moody's Investors Service Friday, drawing criticism from the city's top financial official.  more »
Image: Fotolia
The Municipal Securities Rulemaking Board will discuss municipal advisor qualification examinations, as well as comments on proposals restricting MA gift giving and requiring dealers to disclose reference prices on confirmation sheets at its quarterly meeting in Alexandria, Va., next week.  more »
Honolulu City Council members are balking at a request to issue $350 million in commercial paper for the city's delayed and over-budget elevated rail transit system.  more »
Bond Buyer Markets Reporters Chip Barnett and Aaron Weitzman
Prices of top-quality municipal bonds finished the week stronger, according to traders, as yields on longer-dated bonds fell by as much as three basis points on Friday. The market was busy digesting the week’s chunky new issues even as they turn their eyes to the upcoming supply calendar.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,750,000
Texas Transportation
TX
Revenue bonds
01/22/15
9am ET
$508,475
Alabama Highway
AL
Revenue bonds
01/21/15
9am ET
$460,195
Washington
WA
GOs
01/21/15
10:30am ET
$459,640
Louisiana Gas
LA
Revenue bonds
01/22/15
9am ET
$442,000
East Bay MUD
CA
Revenue bonds
01/22/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.08%
4.06%
5.40%
4.06%
20-Bond
3.36%
3.29%
5.03%
3.29%
11-Bond
3.21%
3.14%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
128-21
128-11
132-15
107-01
Average Price
110.08
109.80
110.61
84.90
Yield to Par Call
3.41
3.44
6.35
3.36
Yield to Maturity
4.14
4.15
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$983
Island Park Village
NY
RANs
01/23/15
11am ET

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Contrary to the assertion in a Bond Buyer article that the 2010s may turn out to be the decade of the municipal bankruptcy, it is remarkable how few muni bankruptcies were sought in the wake of the most severe fiscal crisis to hit local governments since the Great Depression.

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