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“There’s no end in sight,” Florida state Rep. Doug Broxson said of the toll-supported Garcon Point Bridge’s bond defaults.
The trustee for the Santa Rosa Bay Bridge Authority's defaulted bonds wants a toll increase for the Garcon Point Bridge but north Florida residents are opposing the plan.
A federal judge ordered the former comptroller of a Harvey, Ill., to pay more than $200,000 in fines and barred him from participation in any future municipal issues for his role in misleading investors on several of the south Chicago suburb's past bond offerings.  more »
Boston-based Nixon Peabody LLP and Chicago-based Ungaretti & Harris LLP will merge on Feb. 1, a pairing that lands Nixon a seasoned public team in Chicago while broadening Ungaretti's reach nationally.  more »
The calendar and a stronger sense of storm preparedness will help soften the blow of this winter's first major Northeast blizzard, capital markets observers said Tuesday.  more »
Bond Buyer Markets Reporter Chip Barnett
The big Kentucky issue came to market on Wednesday even as much of the municipal bond market was still digging out and getting back to normal after an East Coast snowstorm curtailed trading activity on Monday and Tuesday. Prices of high-quality municipal bonds were stronger along with Treasuries, traders said, after the Federal Open Market Committee kept rates unchanged.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,000,000
Pennsylvania
PA
GOs
01/27/15
11am ET
$831,640
Utah Transit
UT
Revenue bonds
01/28/15
9am ET
$385,155
Kentucky Property
KY
Revenue bonds
01/28/15
9am ET
$289,210
San Francisco
CA
GOs
01/28/15
11:30am ET
$230,350
Maryland H&HEFA
MD
Revenue bonds
01/28/15
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
129-07
128-30
132-15
107-01
Average Price
110.56
110.32
110.61
84.90
Yield to Par Call
3.34
3.38
6.35
3.34
Yield to Maturity
4.11
4.12
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$96,550
U. of Illinois
IL
Revenue bonds
01/29/15
10:30am ET
$70,000
Tulsa
OK
GOs
01/29/15
11:30am ET
$26,000
Clinton
CT
BANs
01/29/15
11am ET
$23,063
Kearny
NJ
BANs
01/29/15
11:30am ET
$22,265
New Bedford
MA
BANs
01/29/15
11am ET

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The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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