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Municipal bond volume continued to surge in March, driving first-quarter volume to a five year high, as issuers look to take advantage of low interest costs while they still can.
Puerto Rico officials voiced optimism Monday and Tuesday about recent developments with the Commonwealth’s debt and budget.  more »
Las Vegas Monorail bondholders have until April 7 to take advantage of an Ambac tender offer that offers a better-than-anticipated recovery.  more »
Municipal market observers aren’t impressed by the Chicago Public Schools’ move to drop Moody’s Investors Service in favor of an agency that assigned a higher rating.  more »
Bond Buyer Markets Reporters Chip Barnett and Aaron Weitzman
Prices on top-quality municipal bonds finished unchanged on Tuesday, traders said, as a slew of new deals hit the screens, topped by the institutional pricing of the New York City Municipal Water Finance Authority’s $451 million offering.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$765,000
Calif Dept of Wtr Res
CA
Revs
04/01/15
9am ET
$585,000
Illinois Mun Elec Agy
IL
Revs
03/31/15
9am ET
$500,000
Univ of Calif Regents
CA
Revs
04/01/15
9am ET
$447,770
NYC Mun Wtr Fin Auth
NY
Revs
03/30/15
9am ET
$260,000
Univ of Kansas Hosp Auth
KS
Revs
03/31/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.17%
4.19%
5.40%
4.06%
20-Bond
3.52%
3.52%
5.03%
3.29%
11-Bond
3.37%
3.37%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
125-25
126-25
132-15
107-01
Average Price
107.63
107.63
110.87
84.90
Yield to Par Call
3.65
3.65
6.35
3.31
Yield to Maturity
4.22
4.22
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$30,185
Mukiteo SD 6
WA
GOs
04/01/15
11:30am ET
$24,210
McMinnville
OR
GOs
04/01/15
12pm ET
$13,590
Needham
MA
GOs
04/01/15
11am ET
$13,300
Livingston Twp
NJ
BANs
04/01/15
11am ET
$11,815
East Bethel
MN
GOs
04/01/15
11am ET

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Some local governments may require extraordinary financial assistance from the Commonwealth, adding to pressure on its general obligations.

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