Market Close: Investors Hone In on $1B San Joaquin Hills Bond Sale
The $1 billion sale of San Joaquin Hills Transportation Corridor Agency, Calif. bonds scheduled to price on Wednesday is the "hot" deal of the week, traders say.
Bond Buyer Markets Reporter Hillary Flynn
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Fitch Ratings notes during the third quarter of 2014 (3Q'14) and for the second straight quarter, U.S. public finance rating upgrades outnumbered downgrades. more »
Moody's Investors Service said it has upgraded the West Jefferson Hills School District, Pa.'s general obligation rating to Aa2 from Aa3, affecting $41.3 million in outstanding rated debt. more »
Lumesis and Municipal Bond Information Service have entered into a strategic partnership to increase the transparency around pre-trade indicative price information, and post-trade operational practices. more »
Moody's Investors Service said it has downgraded the city of Detroit's certificates of participation (COPs) rating to C from Ca. more »
This week's jump in volume will boost the performance of deals priced in the primary, market participants said. more »
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.020% high rate, up from 0.010% the prior week, and the six-months incurred a 0.050% high rate, up from 0.040% the week before. more »
The Treasury Department said Monday it will sell $34 billion of four-week discount bills Tuesday. more »
Legislation awaiting the governor's signature is a positive for local governments that are under Pennsylvania's independent control board supervision, according to Fitch Ratings. more »
Stock market volatility has not changed his desire to stop the Fed's bond-buying "one iota," and he sees no reason to not end the program this month, Federal Reserve Bank of Dallas President Richard Fisher said in a televised interview Monday. more »
Federal Reserve Bank of Boston President Eric Rosengren said the Fed shouldn't overreact to turmoil in financial markets as it approaches its next policy making meeting at the end of the month. more »
This week's new-issue activity will be led by a billion-dollar transportation bond sale from California and a trio of large deals in the Northeast region. more »
Long-end interest dominated this week's secondary trading as the equity market's sell-off prompted a wave of interest in municipals, pushing yields down. more »
Moody's Investors Service shifted its outlook on Texas Health Resources to "developing" from "positive" after its Dallas hospital's handling of the nation's first Ebola case. more »

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