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Muni Prices End Lower As Yields Rise 5 bps
Prices of top-rated municipal bonds finished weaker on Wednesday, according to traders, with yields on some maturities rising by as much as five basis points. There were no major deals on tap but traders were eying Puerto Rico developments -- and the clock, as the countdown toward the long holiday weekend began to tick.
Bond Buyer Markets Reporter Chip Barnett
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Moody's Investors Service has downgraded the Commonwealth of Puerto Rico's general obligation (GO) and guaranteed bonds as well as its senior lien Sales Tax Financing Corporation (Sr COFINA) bonds to Caa3 from Caa2. more »
Standard & Poor's Ratings Services said it raised its underlying rating on South Blount County Utility District, Tenn.'s waterworks revenue debt one notch to A-plus from A. more »
Standard & Poor's Ratings Services said it raised its underlying rating to A-plus from A on River Place Municipal Utility District (MUD), Texas' outstanding general obligation bonds. more »
Vernon, Calif., an industrial Los Angeles-area city, plans to issue $110 million in taxable electric revenue bonds for interest rate savings and to eliminate exposure to interest rate swaps. more »
Liquidity has declined from 2010 levels, especially in the Treasury market, according to the Federal Reserve's June 2015 Senior Credit Officer Opinion Survey on Dealer Financing Terms, released Wednesday. more »
Standard & Poor's Ratings Services said it raised its underlying rating and long-term rating to A-minus from BBB-plus on Senna Hills Municipal Utility District (MUD), Texas' general obligation debt. more »
Issuers need to disclose any and all bank loans so that investors and ratings analysts have a clear picture of the $60 billion market, panelists said at a Bond Buyer event in Chicago. more »
Assured Guaranty and National Public Finance Guarantee could both withstand defaults on Puerto Rico debt with no change to their capital adequacy, S&P said in reports this week. more »
Prices of top-rated municipal bonds were weaker at mid-session, according to traders, with yields on some maturities up by as much as five basis points. more »
Standard & Poor's Ratings Services said it raised its rating on Beeville Water Supply District, Texas' existing general obligation debt one notch to A-plus from A. more »
Standard & Poor's Ratings Services said it lowered its long-term rating to BB-plus from BBB on the California Statewide Communities Development Authority's $574 million series 2014A, $123 million series 2014B, and $13 million series 2014C revenue bonds, issued for Loma Linda University Medical Center (LLUMC). more »
Standard & Poor's Ratings Services said it raised its long-term rating to AA from AA-minus on Selma, Texas' general obligation debt outstanding. more »
Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA from AA-minus on Dallas Independent School District, Texas' existing general obligation debt. more »

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