Quantcast
Image: Fotolia
The Puerto Rico Electric Power Authority's decision in its forbearance agreement to disclose certain information to only some its bondholders could put both PREPA and those investors at an increased risk of committing securities law violations, disclosure experts said Wednesday.
This fall, Oregon voters will decide whether to approve a constitutional amendment that would allow the state to start an endowment fund for student aid using general obligation bond proceeds.  more »
The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission to approve its proposal to require municipal securities dealers to seek the most favorable price possible when executing transactions for most investors.  more »
Bond Buyer Markets Reporter Kate Smith
The Lutheran Village at Miller's Grant continuing care retirement community (CCRC) project will give traders a chance to catch yield this week, if buyers are able to overlook the sector's sordid past.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$350,000
San Diego Co. RTC
CA
Revenue bonds
08/20/14
9am ET
$345,240
Wake County
NC
GOs
08/19/14
11am ET
$303,490
Univ. of Colorado
CO
Revenue bonds
08/21/14
9am ET
$212,875
Kansas
KS
Revenue bonds
08/20/14
9am ET
$185,155
Albuquerque Water
NM
Revenue bonds
08/11/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.86%
4.89%
5.40%
4.19%
20-Bond
4.24%
4.31%
5.03%
3.53%
11-Bond
3.97%
4.04%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
123-06
123-09
132-15
107-01
Average Price
106.90
106.98
107.21
84.90
Yield to Par Call
3.98
3.97
6.35
3.57
Yield to Maturity
4.46
4.46
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$55,475
Hamilton Twp
NJ
BANs
08/21/14
11am ET
$39,800
Mercer Co.
NJ
BANs
08/21/14
11am ET
$35,000
Bay Shore UFSD
NY
TANs
08/21/14
11am ET
$29,500
West Islip UFSD
NY
TANs
08/21/14
10:30am ET
$27,155
Denton
TX
GOs
08/21/14
12pm ET

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

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.