Quantcast
Image: Fotolia
Former Bank of America executive Douglas Lee Campbell received no fine or prison from federal Judge Kimba Wood for his role in rigging municipal bond contracts.
U.S. Bankruptcy Judge Steven Rhodes tapped Martha Kopacz of Phoenix Management Services to act as a municipal finance expert witness reviewing Detroit's bankruptcy exit plan, and Richard Ravitch as a consultant to the court.  more »
Jefferson County, Ala.'s attorneys say petitions appealing the county's bankruptcy exit plan fail to address legal matters and contain "tangential allegations."  more »
St. Louis-based SSM Health Care heads into the market Wednesday with a $260 million sale that represents one piece of a roughly $1 billion debt restructuring aimed at streamlining and trimming the system's annual interest costs.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$750,000
Illinois
IL
GOs
04/24/14
9am ET
$700,000
Texas PFA
TX
Revenue bonds
04/24/14
9am ET
$632,000
New Jersey EDA
NJ
Taxable bonds
04/23/14
9am ET
$575,000
California State PWB
CA
GOs
04/22/14
12:30pm ET
$527,000
New Jersey EDA
NJ
Refunding bonds
04/23/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
5.18%
5.23%
5.40%
4.19%
20-Bond
4.32%
4.44%
5.03%
3.53%
11-Bond
4.03%
4.14%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
119-20
119-17
132-15
107-01
Average Price
104.32
104.24
105.42
84.90
Yield to Par Call
4.36
4.37
6.35
3.57
Yield to Maturity
4.66
4.66
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$225,000
Reg Trans Auth
IL
GOs
04/23/14
11am ET
$90,255
Denton
TX
COPs
04/23/14
12pm ET
$61,765
Lexington-Fayette Co Govt
KY
GOs
04/23/14
11:30am ET
$58,890
Mukilteo SD #6
WA
GOs
04/23/14
11:30am ET
$26,465
ND Bd of Hgr Ed
ND
Revs
04/23/14
12pm ET

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

Social

facebook
linkedin

A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

Upcoming Events

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