Regulation
Dodd Bill Would Bring Munis to Forefront
SEC Muni Office to Report to Chairman
By Andrew Ackerman | Mar 16Senate Banking Committee chairman Christopher Dodd introduced a massive, reworked financial regulatory reform bill that would require the head of the SEC’s municipal securities office to report directly to the SEC chairman, significantly raising the profile of the muni market. [FREE]
Build America Bonds
Jobs Bill Would Extend BABs for 3 Years
By Peter Schroeder | Mar 16The BABs program would be extended for three years, but the direct-pay subsidy rate would shrink from the current 35% of interest costs to 33% in 2011, 31% in 2012 and 30% in 2013, under a draft of a second jobs bill unveiled by House Ways and Means Committee chairman Sander Levin, D-Mich. [FREE]
Trend in the Region
Colorado Bonds Face Triple Threat
By Richard Williamson | Mar 16Colorado voters could slam the door on public borrowing when they go to the polls in November, a possibility that has the bond community and government officials preparing for a worst-case scenario.
Enforcement
Third Ex-CDR Employee, Douglas Goldberg, Pleads Guilty to 3 Counts
By Lynn Hume | Mar 16A third former employee of CDR Financial Products — Douglas Alan Goldberg — has pleaded guilty to three criminal counts for participating in bid-rigging and fraud conspiracies in connection with municipal finance investment and other contracts, the Justice Department announced yesterday.
Other Headlines
Market News
Regional News
- Miami-Dade Officials Face $230 Million Hospital Deficit
- Virgin Islands Power Up With $78 Million
- Wisconsin Set to Sell $323M of Tax-Exempts and Taxable BABs
- With Jobs Legislation Approved, Nevada Officials Set to Borrow
- Buckeye Building Agency Offers $80M, Mostly BABs
Investors & Investing
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $900,000 | NY | 03/18/10 | 9am ET | ||
| $500,000 | NY | 03/17/10 | 9am ET | ||
| $436,720 | CA | 03/17/10 | 9am ET | ||
| $360,215 | NY | 03/16/10 | 9am ET | $354,500 | CA | 03/17/10 | 9am ET |
Weekly Indexes
| Current | Previous | High (last 12-months) | Low (last 12-months) | |
| Rev. Bond | 4.92% | 4.93% | 5.90% | 4.69% |
|---|---|---|---|---|
| 20-Bond | 4.33% | 4.34% | 5.16% | 3.94% |
| 11-Bond | 4.06% | 4.06% | 4.94% | 3.69% |
| 1-Yr. Note | 0.39% | 0.40% | 1.09% | 0.39% (all time) |
Today's Top Competitive Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $86,295 | NC | 03/16/10 | 11am ET | ||
| $48,455 | OR | 03/16/10 | 12pm ET | ||
| $39,505 | NC | 03/16/10 | 11:30am ET | ||
| $20,000 | NM | 03/16/10 | 1pm ET | ||
| $17,715 | WI | 03/16/10 | 11am ET |
