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The National Association of Bond Lawyers has many ongoing projects, including completing an analysis of the long-term implications of a self-reporting disclosure enforcement program, commenting on the SEC's 2012 municipal market report, and providing regulators with its views on tax issues, said its incoming president Antonio "Tony" Martini.
Port Authority of New York and New Jersey staff are proposing that it spend $320 million for the redevelopment of the Greenville Yard Marine Terminal in Jersey City.  more »
The two counterparty banks on Detroit's interest-rate swaps no longer need to drop their claims against Syncora Guarantee Inc. after Syncora agreed to modify its settlement with the city.  more »
With the future of the Windstorm Insurance Association in doubt, Texas is preparing to issue $500 million for the program that protects property owners in the coastal region.  more »
Bond Buyer Markets Reporter Hillary Flynn
Muni traders had a mixed reaction to a $473.6 million sale of San Francisco International Airport second series revenue bonds because of what some called aggressive pricing.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$480,925
San Francisco Airs
CA
Revenue bonds
09/16/14
9am ET
$350,000
Massachusetts
MA
GOs
09/18/14
9am ET
$300,070
Pennsylvania Econ Dev
PA
Revenue bonds
09/17/14
9am ET
$297,000
Chicago
IL
Revenue bonds
09/16/14
9am ET
$270,000
Miami-Dade Expressway
FL
Revenue bonds
09/17/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.86%
4.83%
5.40%
4.19%
20-Bond
4.14%
4.09%
5.03%
3.53%
11-Bond
3.99%
3.94%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
123-07
123-05
132-15
107-01
Average Price
106.92
106.88
107.67
84.90
Yield to Par Call
3.97
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
$217,850
Prince George's Co.
MD
GOs
09/16/14
10:30am ET
$203,355
New Jersey EFA
NJ
Revenue bonds
09/16/14
11am ET
$183,110
Augusta
GA
Revenue bonds
09/16/14
11am ET
$156,445
Wichita
KS
GOs
09/16/14
11am ET
$94,435
Wichita
KS
Notes
09/16/14
11am ET

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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.

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