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Top shelf municipal bonds rallied on Friday, traders said, with yields on some maturities falling by as much as 19 basis points to record lows after Britain voted to leave the European Union.
June 24
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The failure of Long Islands Dowling College placed distressed higher education institutions in the spotlight, prompting a call from one of the most powerful U.S. senators for a credit warning system for students.
June 24
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Top shelf municipal bonds rallied on Friday, traders said, with yields on some maturities falling by as much as 20 basis points after Britain voted to leave the European Union. The yield on 10-year benchmark muni general obligation fell 17 to 20 basis points from 1.53% on Thursday, while the 30-year muni yield was 16 to 19 basis points lower from 2.23%, according to an early read of Municipal Market Data's triple-A scale.
June 24 -
Indicator Last Report Forecast Actual Initial Jobless Claims 6/11: 277,000 6/18: 270,000 6/18: 259,000 Continuing Claims 6/4: 2.157M 6/11: 2.140M 6/11: 2.142M Leading Indicators April: +0.6% May: +0.1% May: -0.2% New Home Sales April: 619,000 May: 565,000 May: 551,000
June 24 -
Jun. 24, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.73 1.24 1.84 2.52 California Aa3/AA+/A+ 0.64 1.07 1.7 2.28 Hawaii Aa2/AA/AA 0.62 1.07 1.65 2.35 Idaho Aa1/AA+/AA+ 0.59 1.09 1.68 2.38 Montana Aa1/AA/AA+ 0.59 1.08 1.69 2.4 Nevada Aa2/AA/AA+ 0.63 1.11 1.68 2.41 Oregon Aa1/AA+/AA+ 0.61 1.03 1.55 2.24 Washington Aa1/AA+/AA+ 0.63 1.11 1.72 2.43 Wyoming NR/AAA/NR 0.59 1.05 1.6 2.29
June 24 -
6/23/2016 6/16/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 0 $0 $0 California 12 246605 16 610,420 -363,815 Hawaii 0 0 0 0 0 Idaho 2 108820 1 45,000 63,820 Montana 0 0 0 0 0 Nevada 0 0 1 23,500 -23,500 Oregon 0 0 2 32,880 -32,880 Washington 6 1361050 7 1,325,345 35,705 Wyoming 0 0 0 0 0
June 24 -
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices was steady at 3.80% from the previous week.
June 23 -
Top-rated municipal bonds ended weaker on Thursday, traders said, with some last-minute deals of the week trickling into the market as Britain voted on a referendum on whether to stay or renounce its membership in the European Union.
June 23
- Ohio
Locke Lord LLP is pushing into Ohio with the opening of an office in Cincinnati as part of an expansion of its public finance practice in the Midwest.
June 23
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Puerto Rico and Obama administration officials said on Thursday it is imperative that a House bill designed to help the commonwealth be passed into law before the territorys expected debt payment default on July 1.
June 23
- Illinois
The pleas from Illinois local governments, schools, and state agencies for at least a stop-gap spending plan are growing louder, as the state careens toward the start of a second fiscal year without a budget.
June 23
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The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.
June 23
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Columbus, Ohio selected as national testing ground for smart transportation technology.
June 23
