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The Metropolitan Water Reclamation District of Greater Chicago lost a triple-A rating because of the pension and debt struggles of Chicago area governments that share its tax base.
The Metropolitan Water Reclamation District of Greater Chicago lost a triple-A rating because of the financial woes of governments like Chicago that share its tax base.
Arlington, Texas, may pay off the debt it issued for a pro football stadium to clear the path for subsidizing a pro baseball stadium.  more »
The Internal Revenue Service is auditing $105.48 million of passenger facility charge revenue bonds issued by Clark County, Nev., in 2007 to finance capital improvements at McCarran International Airport.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$990,550
Pennsylvania
PA
GOs
06/01/16
11am ET
$589,980
NYS Dormitory Auth
NY
Revs
06/02/16
9am ET
$251,000
El Paso
TX
Var
06/02/16
9am ET
$246,375
NYS Dormitory Auth
NY
Revs
06/02/16
9am ET
$229,000
Rhode Island Commerce
RI
Ref
06/02/16
9am ET
Index
Current
Previous
High
Low
Rev. Bond
3.48%
3.48%
5.40%
3.48%
20-Bond
3.26%
3.26%
5.03%
3.26%
11-Bond
2.78%
2.78%
4.75%
2.79%
 
Current
Previous
High*
Low*
BB40 Index
131-27
131-27
132-16
107-01
Average Price
111.20
111.20
111.76
84.90
Yield to Par Call
3.00
3.00
6.35
2.93
Yield to Maturity
3.90
3.90
5.34
3.87

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$46,085
Moore Co
NC
GOs
05/31/16
11am ET
$19,025
Ann Arbor
MI
Revs
05/31/16
1:30pm ET
$9,285
Needham
MA
BANs
05/31/16
11am ET
$6,770
Needham
MA
GOs
05/31/16
11am ET
$5,720
Scituate
MA
BANs
05/31/16
11am ET


Daniel Berger, Senior Market Strategist at Municipal Market Data, talks about the recent rally in municipal bonds which has brought long-term yields down to record lows. He talks about continuing demand from retail investors in light of the upcoming Summer redemption season and he discusses the allure that the American tax-exempt market has for overseas buyers. He outlines the recent spread compression in quality credits and also looks at some of the market's outliers -- Puerto Rico and Chicago.

Our legislation would preserve money market funds as a source of liquidity and capital for public the infrastructure needs of our citizens.

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