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The Securities Industry and Financial Markets Association will help large issuers of municipal bonds pressure the Securities and Exchange Commission for a sophisticated issuer exemption from its municipal advisor rule, and will also request another delay in the rule's effective date if more guidance is not available soon.
May 19
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Day Indicator Last Report Forecast Thursday Initial Claims 5/10: 297,000 5/17: n/a Thursday Cont. Claims 5/3: 2.667M 5/10: n/a Thursday Existing Home Sales March: 4.590M April: 4.690M Thursday Leading Indicators March: +0.8% April: +0.3% Friday New Home Sales March: 384,000 April: 433,000
May 19 -
May. 19, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.19 1.32 2.44 3.51 Delaware Aaa/AAA/AAA 0.13 1.16 2.15 3.21 Maine Aa2/AA/AA 0.16 1.28 2.36 3.42 Maryland Aaa/AAA/AAA 0.15 1.17 2.16 3.22 Massachusetts Aa1/AA+/AA+ 0.16 1.25 2.32 3.43 New Hampshire Aa1/AA/AA+ 0.15 1.21 2.23 3.32 New Jersey Aa3/AA+/AA+ 0.2 1.37 2.5 3.57 New York Aa2/AA/AA 0.15 1.22 2.23 3.38 Pennsylvania Aa2/AA/AA 0.16 1.31 2.41 3.45 Rhode Island Aa2/AA/AA 0.19 1.38 2.49 3.6 Vermont Aaa/AA+/AAA 0.15 1.22 2.22 3.27 Dist. of Columbia Aa2/A+/AA+ 0.17 1.3 2.39 3.46 Puerto Rico Baa3/BB+/BBB- 7.95 8.62 8.66 8.02
May 19 -
5/16/2014 5/9/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $674,415 7 $84,040 $590,375 Delaware 0 0 0 0 0 Maine 1 2,960 2 4,965 -2,005 Maryland 1 100,000 4 84,820 15,180 Massachusetts 7 433,229 6 364,431 68,798 New Hampshire 0 0 0 0 0 New Jersey 7 168,427 8 1,225,036 -1,056,609 New York 12 125,262 9 331,681 -206,419 Pennsylvania 4 60,225 11 624,513 -564,288 Rhode Island 2 52,900 0 0 52,900 Vermont 0 0 0 0 0 District of Columbia 1 42,616 1 450,000 -407,384 Puerto Rico 0 0 0 0 0
May 19 -
Municipal bond volume will jump to the highest level in four weeks as $5.7 billion is estimted to the priced this week, led by a Missouri transportation financing and a Connecticut general obligation offering that plan to vie for investors' attention as the week's largest deals.
May 18
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The boards of two Illinois-based systems Cadence Health and Northwestern Memorial HealthCare on Thursday agreed to join forces.
May 16 - Puerto Rico
The Puerto Rico Department of the Treasury said it does not owe Doral Financial Corporation $230 million, as the bank has been claiming.
May 16 -
Moody's downgraded the Jackson International Airport to Baa1 from A3 just three weeks before Southwest Airlines pulls out of the Mississippi capital.
May 16
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Muni yields flattened amid light supply in a lackluster trading session on Friday, making it harder for investors to find cheap bonds.
May 16 - Illinois
Illinois acted within its sovereign authority when it passed last year's pension reforms given its precarious fiscal condition and the size of its unfunded pension obligations.
May 16 - Oklahoma
Oklahoma Gov. Mary Fallin has reached agreement with state legislative leaders on a $7.1 billion budget that lowers spending by 1.4%.
May 16
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Standard & Poor's Ratings Services said it lowered its long-term and underlying rating to AA-minus from AA on Grosse Pointe Public School System, Mich.'s outstanding general obligation bonds.
May 16
