Far West

The top Republican on a House Financial Services Committee panel on Wednesday applauded the decision by the Federal Housing Finance Agency to block PACE energy programs nationwide.

WASHINGTON — Several derivatives market participants attending a federal roundtable here were supportive of a lag in the reporting of large or “block” over-the-counter derivative transactions that can move the market, but they were not sure how much of a delay would be reasonable.

Fearing a national precedent may be set that could affect billions of dollars of municipal debt across the country, the National Federation of Municipal Analysts has filed a brief in Vallejo, Calif.’s bankruptcy case.

WASHINGTON — Market participants are concerned that issuers of draw-down bonds with tax benefits provided by temporary stimulus provisions could lose some benefits if the provisions expire at the end of the year as scheduled.

Washington will sell $786 million in general obligation bonds Wednesday in a deal that has grown nearly a quarter in response to market hunger for tax-exempt paper.

ALAMEDA, Calif. — The California economy is recovering, but so slowly that it’s hard to notice.

WASHINGTON — Market participants attending a federal roundtable here Tuesday are expected to raise concerns about price reporting requirements for dealer counterparties to municipal swaps that will be proposed in coming months by the Commodity Futures Trading Commission.

The Internal Revenue Service has published a list of answers to frequently asked questions about new tax-credit bond programs.

MENLO PARK, Calif. — The University of California will sell $670 million of mostly taxable Build America Bonds next week, its largest foray into the market this year, to help pay for campus upgrades.

WASHINGTON — The Washington Suburban Sanitary District of Maryland expects Tuesday to competitively price $240 million of public improvement bonds to modernize its aging sewer system for 1.8 million customers in Montgomery and Prince George’s counties.