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"For too long Chicago lived beyond its means and engaged in financial maneuvers to mask the true scope of our problems and financial challenges," said outgoing chief financial officer Lois Scott.
Chicago’s revamp of its $800 million floating-rate debt restructuring helps its position as it heads into the market with a battered credit, say several buyside participants.
States have pulled back up to $2 billion of scheduled road projects due to uncertain federal transportation funding.  more »
Cook County, Ill., says a fresh downgrade could force it to refinance $500 million of debt and cost taxpayers an additional $25 million a year.  more »
Bond Buyer Markets Reporter Chip Barnett
Prices of top-quality municipal bonds finished stronger on Tuesday, traders said, with yields on some maturities falling by as much as five basis points. Meanwhile, the market’s attention is focused on two big deals coming from the city of Chicago and the state of Pennsylvania.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,237,230
Pennsylvania
PA
GOs
05/27/15
11am ET
$800,000
Chicago
IL
GOs
05/27/15
9am ET
$493,645
St. Paul
MN
Revenue bonds
05/28/15
9am ET
$460,740
Miami-Dade School
FL
COPs
05/28/15
9am ET
$454,590
Montgomery Co. IDA
PA
Revenue bonds
05/28/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.56%
4.48%
5.40%
4.06%
20-Bond
3.81%
3.74%
5.03%
3.29%
11-Bond
3.66%
3.59%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
123-01
122-19
132-15
107-01
Average Price
103.79
103.41
110.87
84.90
Yield to Par Call
4.14
4.19
6.35
3.31
Yield to Maturity
4.42
4.45
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$1,237,230
Pennsylvania
PA
GOs
05/27/15
11am ET
$52,267
Wellesley
MA
GOs
05/27/15
11am ET
$47,655
Highline SD 401
WA
GOs
05/27/15
11:30am ET
$31,730
Patchogue-Medford UFSD
NY
GOs
05/27/15
11:30am ET
$26,000
DeForest ASD
WI
GOs
05/27/15
10:30am ET

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