- California
The California election results demonstrate strong voter support for tax increases, a credit positive, according to a Moodys Investors Services report.
June 17 -
Municipal traders were taking a breather on Friday after a week where yields on top shelf bonds fell to record low levels and several large deals of interest came to market.
June 17
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Indicator Last Report Forecast Actual CPI April: +0.4% May: +0.3% May: +0.2% CPI Core April: +0.2% May: +0.2% May: +0.2% Current Account Q4: -$125.3B Q1: -$124.7B Q1: -$124.7B Initial Jobless Claims 6/4: 264,000 6/11: 269,000 6/11: 277,000 Continuing Claims 5/28: 2.095M 6/4: 2.120M 6/4: 2.157M Philly Fed Manufacturing May: -1.8 June: +0.8 June: +4.7 NAHB Housing Index May: 58 June: 59 June: 60
June 17 -
Jun. 17, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.7 1.21 1.79 2.49 California Aa3/AA+/A+ 0.63 1.04 1.63 2.24 Hawaii Aa2/AA/AA 0.61 1.05 1.61 2.32 Idaho Aa1/AA+/AA+ 0.58 1.07 1.65 2.36 Montana Aa1/AA/AA+ 0.58 1.06 1.66 2.38 Nevada Aa2/AA/AA+ 0.62 1.09 1.67 2.4 Oregon Aa1/AA+/AA+ 0.6 1.01 1.52 2.22 Washington Aa1/AA+/AA+ 0.62 1.09 1.67 2.38 Wyoming NR/AAA/NR 0.58 1.03 1.57 2.27
June 17 -
6/16/2016 6/9/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 0 $0 $0 California 16 610420 11 487,195 123,225 Hawaii 0 0 0 0 0 Idaho 1 45000 0 0 45,000 Montana 0 0 0 0 0 Nevada 1 23500 1 23,500 0 Oregon 2 32880 2 62,805 -29,925 Washington 7 1325345 5 1,180,040 145,305 Wyoming 0 0 0 0 0
June 17 -
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Illinois paid a steeper penalty to borrow Thursday after a fresh round of downgrades but a municipal market offering historically low yields helped disguise the spreads.
June 16
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In the week ended June 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was six basis points lower to 3.80%, from 3.86% the previous week.
June 16 - New York
The $82.1 billion budget New York City adopted for fiscal 2017 is a slight credit positive for the next two years, says S&P Global Ratings.
June 16 -
Illinois competitively sold $550 million of general obligation bonds into a historically low rate environment as yields on top-rated municipal bonds dropped to record lows across the board on Thursday.
June 16
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Sen. Bob Menendez, D-N.J., said on Thursday that he plans to offer amendments to a House bill designed to help Puerto Rico to make the bill fairer to Puerto Rican residents.
June 16
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The Dormitory Authority of the State of New York recently completed what it called its largest offering for a private client in 72 years with an $829 million bond sale for New York University.
June 16
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North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.
June 16
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Richards, Merrill & Peterson has agreed to pay a $45,000 penalty for trading below the minimum denomination and North Star Investment Services will pay $15,000 for municipal trade reporting failures under settlements with the Financial Industry Regulatory Authority.
June 16
