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There was a lot happening in the new issue market during the week as about $7.36 billion of new supply hit the market. Grabbing the most attention were several deals from down South, including the state of Georgia, the County of Miami-Dade and the city of Atlanta.
June 12
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Municipal securities dealers are worried that their participation in the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative could cause them problems with multiple regulators, and have asked the SEC for reassurance that their businesses will not be impeded because they chose to report under the MCDC.
June 12 -
This week to see first House and Senate committee hearings in five years on sustainable options for the Highway Trust Fund.
June 12
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A coalition of environmental groups wants the Federal Highway Administration to withdraw its support for the controversial Illiana Corridor toll road.
June 12 - Kansas
With the longest legislative session in Kansas history nearing its end, House members finally found the 63 votes needed to close a $400 million deficit with a sales-tax increase.
June 12
- Indiana
The director of Indiana's Office of Management and Budget is leaving the state to take a job with a nursing home construction company.
June 12 -
Income tax collections January to April in states that impose broad-based personal income taxes were up 11.5% from the same period in 2014.
June 12 - Pennsylvania
Pennsylvania is but one pension battleground state amid a landscape of insolvency, court actions and settlements.
June 12
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Prices of top-shelf municipal bonds were higher at mid-session, trader said, with yields on some longer-dated maturities falling by as much as three basis points.
June 12 -
Holders of $5.2 billion of Detroit water and sewer bonds will have a say in whether a new regional authority will take over the long-troubled Detroit Water and Sewerage Department.
June 12
- Puerto Rico
A water shortage affecting Puerto Rico's eastern half poses new risks to the commonwealth's economy.
June 12 -
The University of Michigan's preliminary June consumer sentiment index reading was 94.6, compared to the final May 90.7, and the preliminary May 88.6, according to market sources.
June 12 -
The municipal bond market was catching its breath after a week of heavy competitive sales and is now turning its gaze to the upcoming week's supply.
June 12 -
Moody's Investors Service said it has downgraded Kalamazoo City School District, Mich.'s general obligation rating to Aa3 from Aa2 and assigned a stable outlook.
June 12 -
Moody's Investors Service said it upgraded the city of North Las Vegas, Nev.'s general obligation limited tax rating to Ba2 from Ba3 and maintained a stable outlook.
June 12 -
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