Teri Guarnaccia, a partner at Ballard Spahr, said the changes to the MCDC aren't as helpful as the SEC believes.
The Securities and Exchange Commission's changes to its disclosure violation self-reporting program are somewhat helpful to issuers but may create further problems in their relationships with underwriters, market participants said.
Louisiana and Department of Justice attorneys settle the government's housing discrimination lawsuit, but without the approval of the State Bond Commission.  more »
The Senate keeps transportation dollars flowing with for at least 10 months with last-minute approval of the House's $11 billion highway fund bailout.  more »
The House rejected the Senate's amendments to its $10.8 billion, 10-month bailout of the Highway Trust Fund on Thursday afternoon and sent its original bill back to the Senate.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$744,290
U of Calif State Trustees
CA
Revs
07/31/14
9am ET
$300,000
George Washington Univ
DC
GOs
07/28/14
9am ET
$285,000
Illinois Sports Facs Auth
IL
Revs
07/30/14
9am ET
$230,650
San Antonio Imp
TX
Revs
07/29/14
9am ET
$150,000
MO Health & Educ Facs
MO
Revs
07/29/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.93%
4.99%
5.40%
4.19%
20-Bond
4.33%
4.29%
5.03%
3.53%
11-Bond
4.06%
4.02%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
121-20
121-21
132-15
107-01
Average Price
105.65
105.67
105.98
84.90
Yield to Par Call
4.14
4.14
6.35
3.57
Yield to Maturity
4.54
4.53
5.34
3.94

(* for calendar year)

There are no competitive bond sales scheduled for August 1, 2014.

Player Template for http://www.bondbuyer.com

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.

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