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The Financial Industry Regulatory Authority is expected to release an investor alert Monday to educate bondholders on liquidity issues that can arise during times of market stress.
July 10 - New Jersey
Atlantic City's non-casino business is increasing, according to a new report from Tourism Economics that was commissioned by the Atlantic City Alliance.
July 10 - Missouri
Most local governments in Missouri face new restrictions on the use of municipal court fines to prop up their budgetary operations, under legislation signed by Gov. Jay Nixon.
July 10
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Puerto Ricos Monday meeting with its bondholders puts the commonwealth and its creditors on an unpredictable path of negotiation and litigation, if history is a guide.
July 10
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Financial problems in Greece and China caused volatility in the U.S. municipal bond market during the week. A flight-to-quality move pulled yields on top-shelf municipal bonds down by about 13 basis points. By the end of the week, though, calm had returned, and yields jumped back up in the last two trading sessions.
July 10
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Chicago's top lawyer and attorneys for unions and pension fund members laid out their arguments before the court Thursday.
July 10
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A report from the Government Accountability Office suggested three approaches to delegating federal borrowing authority that would help to avoid the disruption in financial markets caused by impasses over the debt ceiling.
July 10 -
Municipal volume is projected to jump back over $8 billion in the coming week, led by billion-dollar deals from Chicago, Indiana and California.
July 10
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A bipartisan group of nine House members wants a winner-take-all vote on proposed transportation revenue measures.
July 10
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Michigan's Oakland University has become the second school in the state to forgo state aid in favor of a large tuition hike.
July 10 - California
California Controller Betty Yee said Thursday a review of West Covina's administrative and accounting controls uncovered serious deficiencies.
July 10
- Ohio
Ohio now has more than $2 billion in its rainy-day fund, the highest in the state's history, officials said.
July 10 - Michigan
Michigan Gov. Rick Snyder signed into law an eight-bill package boosting the state treasurer's power over distressed school districts and creating an early-warning system for districts that could face a deficit.
July 10 -
Prices of top-quality municipal bonds weakened substantially, traders said, with yields on some maturities strengthening by as much as five to seven basis points. Meanwhile, municipal bond market traders are looking ahead to next weeks $8.7 billion new issue slate, which is headlined by issuers from Chicago, Maryland and California.
July 10 - Pennsylvania
Scranton, Pa., looks to dig out of its pension mess after chronic underfunding and a double-dipping fiasco.
July 10
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Municipal bond market traders are looking ahead to next weeks new issue slate, which is headlined by deals from Chicago, Maryland and California.
July 10 -
Jul. 10, 2015 Far West: Plain/Insured GO Yield Curve* Far West: GO Yield Curves for Jul. 8, 2015 Alaska Aaa/AAA/AAA 0.30 1.34 2.30 3.28 California Aa3/A/A 0.31 1.40 2.43 3.45 Hawaii Aa2/AA/AA 0.34 1.42 2.41 3.41 Idaho Aa1/AA+/AA+ 0.30 1.40 2.40 3.39 Montana Aa1/AA/AA+ 0.30 1.39 2.41 3.41 Nevada Aa2/AA/AA+ 0.36 1.48 2.46 3.48 Oregon Aa1/AA+/AA+ 0.30 1.35 2.32 3.33 Washington Aa1/AA+/AA+ 0.33 1.39 2.45 3.49 Wyoming NR/AAA/NR 0.30 1.38 2.32 3.30
July 10 -
7/9/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 14 452,655 21 1,806,377 ?1,353,722 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 1 6,995 ?6,995 Nevada 1 15,000 2 115,055 ?100,055 Oregon 1 18,180 2 109,300 ?91,120 Washington 3 48,015 6 167,755 ?119,740 Wyoming 0 0 0 0 0
July 10 -
