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Syncora lost a key appeal in the Detroit bankruptcy case, giving the city continued access to crucial casino revenues.
Many observers doubt whether New Jersey will have a financially sustainable solution to its pension funding problem any time soon.  more »
The Puerto Rico Electric Power Authority's recent draw on its debt reserve account is a danger sign for its bond-holders, analysts say.  more »
House and Senate tax-writing committees approved similar but not identical 10-month, $10.8 billion bailouts of the almost-depleted Highway Trust Fund, with each chairman contending his panel's bill is the most bipartisan measure.  more »
The California Legislature has adjourned for summer recess this month after failing to reach a compromise on a multi-billion water bond to place on the November ballot.  more »
Bond Buyer Markets Reporters Maria Bonello & Hillary Flynn
Municipal bonds strengthened along with Treasuries Friday as concern over the health of a big Portuguese lender made its way into the U.S. market, sending investors to the safety of U.S. fixed income securities.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$300,000
Mass Sch Bldg Auth
MA
BANs
07/10/14
11am ET
$254,805
Wisconsin
WI
GOs
07/09/14
11am ET
$251,730
Mass Port Auth
MA
Revs
07/09/14
9am ET
$250,000
Conn Health & Educ Facs
CT
GOs
07/09/14
9am ET
$250,000
Indiana Finance Auth
IN
GOs
07/09/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
5.03%
4.90%
5.40%
4.19%
20-Bond
4.38%
4.31%
5.03%
3.53%
11-Bond
4.11%
4.04%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
120-27
120-22
132-15
107-01
Average Price
104.97
104.83
105.42
84.90
Yield to Par Call
4.23
4.25
6.35
3.57
Yield to Maturity
4.58
4.59
5.34
3.94

(* for calendar year)

There are no competitive bond sales of more than $1 million scheduled for July 11, 2014.

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As many state and local governments across the country begin their July 1 fiscal year, a new federal law going into effect is of particular interest to municipal governments that issue bonds.

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