Bond Program Fees Too High, HFAs Warn
Officials’ Complaint Under Review
By Peter Schroeder | Nov 20The 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 20Just 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 20CHICAGO — 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 20Even 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.
Other Headlines
Market News
Regional News
- Washington Lowers Revenue Forecast Amid 'Revenue-Less Recovery’
- N.Y.-N.J. Port Authority OKs $1B for WTC Tower
- Coming and Going: N.J.’s Christie and Corzine Trade Speeches
- Louisiana Bond Commission OKs New Housing Bonds
- Fitch Drops Hamilton County, Ohio, Sales Tax Debt
Investors & Investing
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $1,501,245 | NY | 11/17/09 | 9am ET | ||
| $1,090,215 | CA | 11/19/09 | 9am ET | ||
| $600,000 | OH | 11/16/09 | 9am ET | ||
| $370,000 | NC | 11/19/09 | 9am ET | $350,000 | CA | 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.
