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Top-quality municipal bonds finished flat on Monday, traders said, as the state of Connecticut offered over $500 million of its tax-exempt securities to retail investors ahead of the institutional pricing on Tuesday.
May 23
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Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.
May 23
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Hedge funds holding more than $750 million of the debt of Puerto Ricos Government Development Bank revived a lawsuit, accusing the government of changing the rules of the game by amending its debt payment moratorium law.
May 23
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State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.
May 23
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Municipal issuers and bond lawyers, among others, are hoping the Treasury Department and the Internal Revenue Service make allowances for competitive sales of municipal bonds in rules on issue price rules, which could be finalized as early as this summer.
May 23
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The University of Texas System will issue $215 million of triple-A-rated debt that includes some of the $922 million in tuition revenue bonds authorized by the 2015 Texas Legislature.
May 23
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Top-quality municipal bonds were flat at mid-session, traders said, as the state of Connecticut offered over $500 million of its tax-exempts to retail investors.
May 23 -
While the Federal Open Market Committee could still raise rates two or three times this year, it is unlikely the fed funds rate target will be increased in two consecutive meetings, Federal Reserve Bank of San Francisco President John Williams said Monday.
May 23 -
Tender rates for the Treasury Department's latest 91-day and 183-day discount bills were higher, as the three-months incurred a 0.350% high rate, up from 0.275% the prior week, and the six-months incurred a 0.480% high rate, up from 0.370% the week before.
May 23 -
Former Massachusetts assistant treasurer Colin MacNaught has launched tech company BondLink to help muni issuers manage debt management programs.
May 23
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The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.
May 23 -
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Mission Regional Medical Center, in the Lower Rio Grande Valley of Texas, suffered a five-notch downgrade to B-minus from Standard & Poor's Global Ratings. The downgrade affects $26.5 million of outstanding debt.
May 23
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Municipal bond traders are set to see $7.7 billion of new issues come to market this week, topped by a big water deal from an issuer in California.
May 23 -
The U.S. is close to a rate hike, Federal Reserve Bank of Boston President Eric Rosengren said in a published report this weekend.
May 23 -
May. 23, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA+/AA+ 0.7 1.38 2.16 2.96 Delaware Aaa/AAA/AAA 0.56 0.99 1.6 2.43 Maine Aa2/AA/AA 0.58 1.04 1.69 2.55 Maryland Aaa/AAA/AAA 0.56 1.02 1.65 2.45 Massachusetts Aa1/AA+/AA+ 0.58 1.07 1.74 2.59 New Hampshire Aa1/AA/AA+ 0.58 1.04 1.66 2.54 New Jersey A2/A/A 0.91 1.87 2.57 3.32 New York Aa1/AA+/AA+ 0.56 1 1.68 2.6 Pennsylvania Aa3/AA+/AA+ 0.71 1.5 2.22 3.02 Rhode Island Aa2/AA/AA 0.61 1.19 1.94 2.8 Vermont Aaa/AA+/AAA 0.56 1.01 1.64 2.46 Dist. of Columbia Aa1/AA/AA 0.59 1.1 1.78 2.64 Puerto Rico Caa3/CC/CC 30.56 16.95 12.12 9
May 23 -
5/20/2016 5/13/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $515,080 2 $27,445 $487,635 Delaware 0 0 0 0 0 Maine 1 3,150 0 0 3,150 Maryland 1 24,725 2 183,630 -158,905 Massachusetts 7 368,886 1 5,171 363,715 New Hampshire 0 0 1 23,635 -23,635 New Jersey 9 309,214 6 62,219 246,995 New York 27 1,571,634 20 4,271,050 -2,699,416 Pennsylvania 5 636,050 12 247,555 388,495 Rhode Island 0 0 1 18,405 -18,405 Vermont 0 0 1 27,900 -27,900 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0
May 23 -
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