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El Paso Childrens Hospital's bankruptcy filing led to board resignations and the threat of a rating downgrade, though $120 million of bonds appear well secured by a general obligation pledge.
May 22
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Moody's Investors Service said it downgraded Stockton University, N.J., (formerly Richard Stockton College of New Jersey) to A3, affecting the outstanding $234 million of Series 2005F, 2006F, 2007G, and 2008A bonds issued by the New Jersey Educational Facilities Authority (NJEFA).
May 22 -
Because monetary policy works with a lag, if the economy grows as expected, the time will be right to raise interest rates sometime this year, Federal Reserve Board Chair Janet Yellen said Friday.
May 22 - Illinois
Chicago is trying to strike an agreement with its police and fire unions on changes to their pension funding formulas, the city reported in newly published bond offering statements.
May 22
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The market for Florida debt is holding up in the face of a possible government shutdown, while the Chicago market is being penalized with wider spreads, higher yields, and a swell in bid-wanted lists after being downgraded to junk.
May 22
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Moody's Investors Service said it has upgraded Lancaster Mass.'s general obligation rating to Aa3 from A1, affecting approximately $6.6 million in outstanding debt.
May 22 -
Moody's Investors Service said it upgraded Sunnyvale Elementary School District, Calif.'s general obligation bond rating to Aa1 from Aa2.
May 22 -
Moody's Investors Service said it has upgraded Polk County, Minn.'s general obligation rating to Aa2 from Aa3.
May 22 -
Standard & Poor's Ratings Services said it raised its long-term rating on Park Rapids, Minn.'s existing general obligation bonds to AA-minus from A-plus.
May 22 -
Leaders of the Senate Finance Committee have given their tax-reform working groups more time to do their work.
May 22
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Municipal issuers and dealers hope that the Federal Reserve's proposal to include uninsured investment-grade general obligation bonds as high-quality liquid assets under the Fed's liquidity coverage ratio requirement rule spurs other banking regulators to do the same.
May 22
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Prices of top-quality municipal bonds were steady on Friday as the market was in full holiday mode ahead of the early market close and the full close on Monday for Memorial Day. Trading will stop at 2 p.m., EDT, and resume Tuesday.
May 22 -
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Indicator Last Report Forecast Actual Initial Jobless Claims 5/9: 264,000 5/16: 270,000 5/16: 274,000 Continuing Claims 5/2: 2.229M 5/9: 2.228M 5/9: 2.211M Existing Home Sales March: 5.190M April: 5.240M April: 5.040M Leading Indicators March: +0.2% April: +0.3% April: +0.7% Philly Fed Manufacturing April: 7.5 April: 8.2 April: 6.7
May 22 -
May. 22, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.22 1.49 2.39 3.35 California Aa3/A/A 0.25 1.54 2.64 3.63 Hawaii Aa2/AA/AA 0.26 1.58 2.52 3.52 Idaho Aa1/AA+/AA+ 0.22 1.55 2.5 3.49 Montana Aa1/AA/AA+ 0.22 1.54 2.51 3.51 Nevada Aa2/AA/AA+ 0.28 1.63 2.56 3.58 Oregon Aa1/AA+/AA+ 0.22 1.5 2.42 3.42 Washington Aa1/AA+/AA+ 0.25 1.61 2.57 3.6 Wyoming NR/AAA/NR 0.22 1.53 2.42 3.4
May 22 -
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