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If the Puerto Rico Electric Power Authority were to fail to make loan payments to Citibank due on July 31, the consequences might spread beyond Puerto Rico bonds. Bad news on PREPA could also trigger a selloff of tobacco bonds, analysts speculated.
The Senate adopted legislation that would provide a five-month, $8 billion bailout of the Highway Trust Fund that extends the fund's solvency through mid-December.  more »
The market stayed largely firm on Wednesday as treasuries rose to yearly highs following an unexpectedly high GDP announcement in the morning.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$744,290
U of Calif State Trustees
CA
Revs
07/31/14
9am ET
$300,000
George Washington Univ
DC
GOs
07/28/14
9am ET
$285,000
Illinois Sports Facs Auth
IL
Revs
07/30/14
9am ET
$230,650
San Antonio Imp
TX
Revs
07/29/14
9am ET
$150,000
MO Health & Educ Facs
MO
Revs
07/29/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.99%
5.07%
5.40%
4.19%
20-Bond
4.29%
4.36%
5.03%
3.53%
11-Bond
4.02%
4.09%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
121-31
122-07
132-15
107-01
Average Price
105.97
106.18
105.98
84.90
Yield to Par Call
4.10
4.07
6.35
3.57
Yield to Maturity
4.52
4.50
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$22,813
Rahway
NJ
BANs
07/31/14
11am ET
$19,000
Montachusett RTA
MA
RANs
07/31/14
12pm ET
$14,200
Livingson County
MI
GOs
07/31/14
2:30pm ET
$9,394
Point Pleasant Beach
NJ
BANs
07/31/14
11am ET
$9,380
Springfield Township
NJ
TANs
07/31/14
11am ET

Player Template for http://www.bondbuyer.com

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.

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