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Milwaukee Official Gets Stung

By Yvette Shields | Feb 3

Milwaukee 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 3

Republicans 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 3

The 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 3

California, 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 3

Grigsby & 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 3

Recent 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 3

The 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.

This Week's Top 5 Issues

Amount Issuer St Description Sale
Date
Sale
Time
$257,885
U. of Washington
WA
Revenue bonds
02/08/12 9am ET
$253,555
Shelby County
TN
GOs
02/07/12 9am ET
$250,000
San Antonio Water
TX
Revenue bonds
02/07/12 9am ET
$240,605
Cleveland Airport
OH
Revenue bonds
02/08/12 9am ET
$160,000
Conroe ISD
TX
Refunding bonds
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

The Allure of 5% Bonds: Coupon Levitation Creates Magical Savings

During the past few years it has become increasingly commonplace for municipalities to issue serial bonds of various maturities with identical above-market coupons.

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Quick Scales

Bond sale results in detail. Underwriters. Ratings. Maturities, coupons and yields. Call features and more.

Upcoming Events

The Bond Buyer's Texas Public Finance Conference
February 12 - February 14, 2012
Austin, TX

The 10th Annual Tax & Securities Law Institute
March 8 - March 9, 2012
Savannah, GA

The Fourth Annual National Municipal Bond Summit
March 14 - March 16, 2012
Miami, FL

Intro Bond Finance Course
March 15 - March 16, 2012
Washington, D.C.