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"I don't believe that it will come as much surprise for you to hear that the center district does not agree," Perry Israel told the IRS.
The Village Center Community Development District in Florida said Monday that it disagrees with two Internal Revenue Service notices that asserted that the district's bonds are taxable.
Chicago is making headway on gaining relief from $60 million in swap termination payments owed to banks after Moody's Investors Service downgraded its general obligation credit last week, according to Mayor Rahm Emanuel's administration.  more »
The Puerto Rico Electric Power Authority, the public corporation that missed a deadline Monday to announce a restructuring plan, had a mixed first half of its fiscal year.  more »
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Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.  more »
Bond Buyer Markets Reporter Aaron Weitzman
The market saw a flurry of new deals Wednesday, with California’s $1.9 billion GOs leading the way for negotiated deals. Maryland’s combined $822.7 million was the biggest competitive transaction.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,900,000
California
CA
GOs
03/04/15
9am ET
$518,000
Maryland
MD
GOs
03/04/15
11am ET
$495,000
Los Angeles DWP
CA
Revenue bonds
03/05/15
9am ET
$403,995
Maryland
MD
GOs
03/04/15
10:45am ET
$341,775
Arizona State U.
AZ
Revenue bonds
03/04/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.28%
4.23%
5.40%
4.06%
20-Bond
3.62%
3.60%
5.03%
3.29%
11-Bond
3.47%
3.45%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
125-27
125-26
132-15
107-01
Average Price
107.07
107.04
110.87
84.90
Yield to Par Call
3.76
3.76
6.35
3.31
Yield to Maturity
4.28
4.28
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$39,378
Brookhaven
NY
GOs
03/05/15
11am ET
$18,565
Oldham Co. SDFC
KY
Revenue bonds
03/05/15
11am ET
$18,345
Rochester
NY
BANs
03/05/15
11am ET
$15,860
Coventry
RI
GOs
03/05/15
11am ET
$14,500
Fort Bend Co. LID 7
TX
GOs
03/05/15
12pm ET

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