Munis End Steady as More Supply Hits Market
Top-rated municipal bonds ended unchanged on Wednesday, traders said, as the market saw new supply from Minnesota and Arizona issuers hit the screens only one day after the $2.69 billion California deal priced.  more »
Long-term municipal bond volume sky-rocketed to the highest August total in at least 30 years, as deals to raise new money surged along with refundings. more »
The National Association of Bond Lawyers has announced the recipients of two annual awards that will be presented at its annual meeting in Chicago in October. more »
West Coast financial advisory firm Montague DeRose and Associates is expanding with a push toward adding midsize issuers to its roster of large issuers. more »
Top-rated municipal bonds were unchanged at mid-session, traders said, as the market saw new supply from Minnesota and Arizona issuers hit the screens one day after the $2.69 billion California deal priced. more »
Moody's Investors Service said it has assigned a Aa1 rating to the California Department of Water Resources' $567.86 million power supply system revenue bonds, Series 2016P and upgraded to Aa1 from Aa2 the rating on DWR's approximately $4.61 billion of pre-sale parity rated power supply revenue bonds outstanding. more »
About 4,816,100 online job postings appeared on leading internet job boards in August, an increase of 1,900 from July, the Conference Board reported Wednesday. more »
Pending home sales increased 1.3% to an index reading of 111.3 in July, after a revised 0.8% decline to 109.9 in June, according to a report released Wednesday by the National Association of Realtors. more »
The Chicago Purchasing Managers' Business Barometer fell to 51.5 in August from 55.8 in July, "led by a large setback in Order Backlogs and a deceleration in New Orders," the National Association of Purchasing Management-Chicago said Wednesday. more »
Municipal bond traders are preparing for more new supply to enter the market on Wednesday after seeing the $2.69 billion California deal price on Tuesday. more »
The Midwest Economy Index fell to negative 0.14 in July from negative 0.04 in June, the Federal Reserve Bank of Chicago said Wednesday. more »
Private-sector employment increased by 177,000 in August, on a seasonally adjusted basis, ADP estimated Wednesday. more »
Two Federal Reserve officials laid out sharply different takes on whether continued low interest rates might raise the risks of financial instability, highlighting divisions on the Federal Open Market Committee ahead of its September policy meeting. more »
Top-quality municipal bonds ended unchanged on Tuesday, according to traders, as JPMorgan Securities priced the state of California's $2.7 billion of various purpose general obligation and GO refunding bonds for institutions after a one-day retail order period. more »

Steven Weyl, a Butler Snow attorney who practices in the public finance, tax incentives, and credit markets groups in Boston, joins Chip Barnett to discuss a number of regulatory topics including the bank direct placement market. He also talks about the roles and rules that surround municipal underwriters, advisors, placement agents and bond counsel.

The Municipalities Continuing Disclosure Cooperation Initiative was a particularly imaginative enforcement solution directed toward a very specific disclosure issue.

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