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Bond Buyer LogoThe Bond Buyer: The Daily Newspaper of Public Finance

Bond Program Fees Too High, HFAs Warn

Officials’ Complaint Under Review

By Peter Schroeder | Nov 20

The Treasury Department allocated $29.1 billion to state and local housing finance agencies for temporary new-issue bond purchase and liquidity programs, but some small HFAs are warning the fees they would have to pay to participate in the purchase program are prohibitively expensive. [FREE]

Wanted: More Yield, Less Risk

Gildersleeve: German Landesbank VRDNs a Good Bet

By Dan Seymour | Nov 20

Just because money’s on the sidelines doesn’t mean it’s out of the game. [FREE]

Crisis Puts State Pension Funds in Greater Peril, Loop Warns

By Yvette Shields | Nov 20

CHICAGO — The recession and market downturn has profoundly affected the funded status of state pension plans, driving up some states’ overall debt levels and putting some credits at risk, Loop Capital Markets LLC analysts warn in new report.

Trend in the Region

Latest California Snafu: Faulty QSCB Process

By Rich Saskal | Nov 20

Even as the market for qualified school construction bonds is taking off, many California school districts appear to be stuck on the sideline because of questions over the way the state allocated QSCB authority to the districts.

This Week's Top 5 Issues

Amount Issuer St Description Sale
Date
Sale
Time
$1,501,245
Empire State Dev Corp.
NY
Revenue bonds
11/17/09 9am ET
$1,090,215
Calif. State PWB
CA
Revenue bonds
11/19/09 9am ET
$600,000
American Muni Power
OH
BABs
11/16/09 9am ET
$370,000
Charlotte
NC
Revenue bonds
11/19/09 9am ET
$350,000
Los Angeles DWP
CA
BABs
11/19/09 9am ET

Weekly Indexes

  Current Previous High (2009) Low (2009)
Rev. Bond 5.04% 5.02% 5.90% 4.69%
20-Bond 4.35% 4.40% 5.16% 3.94%
11-Bond 4.08% 4.12% 4.94% 3.69%
1-Yr. Note 0.55% 0.56% 1.09% 0.54% (all time)

Today's Top Competitive Issues

There are no competitive bond sales scheduled for November 20, 2009.

Legislative Status Report (as of 11/13)

This chart includes legislation introduced in the 111th Congress, which convened in January and extends through the end of 2010. Any bill introduced in the two-year period remains active until the session ends.

Special Supplements

Click above to see the latest reports ...

Upcoming Events

Municipal Forum Luncheon
November 20, 2009
New York, New York

National Association of State Treasurers Public Funds Management Conference
November 30 - December 2, 2009
New York, New York

The Bond Buyer's 8th Annual Deal of the Year
December 1, 2009
New York, New York