Milwaukee Official Gets Stung
By Yvette Shields | Feb 3Milwaukee County Supervisor Johnny L. Thomas Jr. has suspended his campaign for Milwaukee city comptroller after criminal charges were filed against him for accepting a bribe during a sting operation in exchange for advancing a financial advisory contract. [FREE]
Ways and Means Nixes Amendment to Bring Back BABs
By Kyle Glazier | Feb 3Republicans on the House Ways and Means Committee quashed a Democrat-backed amendment seeking to revive many muni bond measures from the 2009 stimulus package as they voted Friday to approve a bill that would authorize the transfer of domestic energy development revenues into the Highway Trust Fund.
Key Panel Approves Divisive Highway and Transit Bill
By Kyle Glazier | Feb 3The House Transportation Committee approved a $260 billion five-year highway and transit funding bill sponsored by its chairman, Rep. John Mica, R-Fla., after working through the night Thursday and into the early morning hours of Friday on an avalanche of amendments proposed, mostly by Democrats. The committee voted 29 to 24 to approve the American Energy and Infrastructure Jobs Act around 3:00 a.m. [FREE]
Trend in the Region
California Reins In Borrowing
By Randall Jensen | Feb 3California, traditionally the largest issuer of municipal bonds in the country, is set to constrain its bond sales for another year, tightening supply to one of the hungriest markets of all time. [FREE]
Grigsby to Fight Illinois Secretary of State's ISAC Allegations
By Yvette Shields | Feb 3Grigsby & Associates Inc. owner Calvin Grigsby said he will vigorously fight accusations leveled by the Illinois secretary of state that he failed to properly supervise a former banker in the firm's Chicago office who advised the Illinois Student Assistance Commission to invest in a bank that later failed. [FREE]
PACE Program Sees Hope For a New Lease on Life
By Keeley Webster | Feb 3Recent events have breathed new life into the Property Assessed Clean Energy program, which allows municipalities to float bonds to finance the installation of energy-efficiency projects.
FINRA Cites 'Key Risk Areas' in Exams
By Joan Quigley | Feb 3The Financial Industry Regulatory Authority highlighted "key risk areas" for muni broker-dealers, warning that its exams will focus on whether incomplete disclosures and financial information from an issuer prevent retail customers from making informed investment decisions.
Other Headlines
Market News
Regional News
- Ambac Sues Troubled Hercules, Calif., After RDA Default
- Michigan Bills Would Raise Transportation Funds
- Harrisburg's Lawyer Might Appeal
- Nassau County, N.Y., Oversight Board Cuts Requested Bond Plan By a Third
- Texas Teachers Urge Special Session to Restore School Aid
- Alliance Texas Will Lose American Airlines Facility
- Syncora Joins Those Aiming to Appeal Jefferson County Bankruptcy Rulings
Washington
Investors & Investing
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $257,885 | WA | 02/08/12 | 9am ET | ||
| $253,555 | TN | 02/07/12 | 9am ET | ||
| $250,000 | TX | 02/07/12 | 9am ET | ||
| $240,605 | OH | 02/08/12 | 9am ET | ||
| $160,000 | TX | 02/07/12 | 9am ET |
Weekly Indexes
| Current | Previous | High* | Low* | |
| Rev. Bond | 4.70% | 4.71% | 4.93% | 4.70% |
|---|---|---|---|---|
| 20-Bond | 3.60% | 3.68% | 3.83% | 3.60% |
| 11-Bond | 3.34% | 3.42% | 3.57% | 3.34% |
| 1-Yr. Note | 0.25% | 0.24% | 0.28% | 0.24% |
*(calendar year)
Today's Top Competitive Issues
There are no competitive bond sales scheduled for February 3, 2012.
Insurer Ratings at a Glance
As of Dec. 20, 2011
