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Chicago State University officials have warned that the school could be forced to close if state funding isn't restored.
The head of the agency that accredits Illinois' state universities issued a warning to state leaders as the schools struggle in the absence of state funding because of a continued budget stalemate.
The Securities and Exchange Commission has plans to increase its examination and enforcement staff as President Obama announced in his budget on Tuesday that he wants to double the SEC’s budget by fiscal year 2021, starting with a $200 million increase to $1.78 billion in 2017.  more »
General Services Administration is looking for partners to build a new FBI building in exchange for current headquarters.  more »
"We're getting dangerously close to being in an uncomfortable situation," Houston Controller Chris Brown told the city council.
With all new leadership, the city of Houston will weigh into the bond market with $800 million of revenue and refunding bonds for its combined utility system.  more »
Top-rated municipal bonds finished slightly stronger on Tuesday, according to traders who saw a wide array of new deals hit the marketplace. The bulk of the week’s more than $9 billion of new supply was priced or sold, led off by deals from issuers in New York, Texas and Washington state.  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
129-11
129-09
132-15
107-01
Average Price
109.53
109.50
110.87
84.90
Yield to Par Call
3.26
3.27
6.35
3.26
Yield to Maturity
4.01
4.02
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$321,580
Washington
WA
GOs
02/09/16
10:30am ET
$304,980
Dallas ISD
TX
GOs
02/09/16
12pm ET
$283,730
Clark County
NV
GOs
02/09/16
11:15am ET
$247,425
Minnesota PFA
MN
Revenue bonds
02/09/16
11:30am ET
$200,525
Washington
WA
GOs
02/09/16
11am 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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