Muni Bond Indexes Are Narrowly Mixed in Latest Week
For the week ended Dec. 18, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was lower four basis points from the previous week at 4.28%.
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Deals for the coming holiday-shortened week are looking scarce, after a sell-off toward the end of last week. Traders said some issuers may have thrown in the towel until the New Year after interest rates spiked on Thursday. more »
Revenue and demand pressure on not-for-profit healthcare providers as they navigate federal healthcare reform will weigh down the sector for another year, Standard & Poor's said. more »
As state and local governments struggled in the recession, debt grew faster than both revenues and expenditures, climbing 22% from $2.4 trillion in 2007 to $2.9 trillion in 2012. more »
Spending on fuel for cars and trucks in 2015 is expected to reach the lowest level in 11 years due to falling pump prices and more efficient engines, according to the Energy Information Administration. more »
Moody's Investors Service sees a stable outlook for public power in 2015, as an improving U.S. economy outweighs slowing demand for electricity. more »
Volume will dip considerably low this week as issuers are expected to pare back financings to roughly a third of the early Christmas bonanza they delivered last week. more »
A privately operated immigration detention center in La Salle, County, Texas, will receive no revenues while closed for repairs, according to a disclosure notice to bondholders. more »
For the week ended Dec. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 4.32% from 4.35%. more »
Ratings on many of California's cities continue to recover from the recession, but credit rating distribution in the state remains uneven, according to a report from Standard & Poor's. more »
Radian Group Inc. is seeking to sell bond insurer Radian Asset and Assured Guaranty or MBIA may turn out to be the buyer. more »
The Kentucky Pension Oversight Board will finalize recommendations for new funding and tighter control of the state's pension systems at its Dec. 16 meeting. more »
The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped to its lowest level in at least six months as it fell 11 basis points in the week ended Dec. 3 to 3.83% from 3.94% in the previous week. more »
Moody's Investors Service said Tuesday it is maintaining its negative outlook on the non-profit health care sector for 2015, warning that key economic and financial conditions are expected to remain weak. more »

As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

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