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Moody's Investors Service said it has downgraded the Puerto Rico Conservation Trust Fund's secured notes to C, with no outlook, from Caa3 with a negative outlook.
May 9 -
Michigan lawmakers unveiled a package of 11 bills Thursday aimed at hastening Detroit's exit from bankruptcy and managing the city's post-Chapter 9 recovery.
May 9
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Indicator Last Report Forecast Actual Initial Claims 4/26: 345,000 5/3: 325,000 5/3: 319,000 Continuing Claims 4/19: 2.761M 4/26: 2.765M 4/26: 2.685M
May 9 -
May. 9, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.15 1.24 2.29 3.4 California A1/A/A+ 0.18 1.37 2.62 3.84 Hawaii Aa2/AA/AA+ 0.16 1.34 2.48 3.61 Idaho Aa1/AA+/NR 0.15 1.34 2.49 3.63 Montana Aa1/AA/AA+ 0.17 1.35 2.49 3.62 Nevada Aa2/AA/AA+ 0.2 1.39 2.52 3.7 Oregon Aa1/AA+/AA+ 0.15 1.26 2.35 3.52 Washington Aa1/AA+/AA+ 0.16 1.34 2.47 3.62 Wyoming NR/AAA/NR 0.15 1.32 2.38 3.5
May 9 -
5/8/2014 5/1/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 13 562,175 9 499,170 63,005 Hawaii 0 0 0 0 0 Idaho 2 9,245 1 3,845 5,400 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 2 87,830 0 0 87,830 Washington 5 214,095 2 11,835 202,260 Wyoming 0 0 0 0 0
May 9 -
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Investors said that they are finding bonds issued from municipalities in out-of-favor states such as Illinois and Michigan to be attractive investments.
May 8 -
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Tobacco bonds have lured investors with some of the highest returns in the muni market this year, raising concern among strategists that traditional municipal bond investors' are taking on too much risk.
May 8
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The Bond Buyer's muni bond indexes mostly strengthened in the week ending May 8.
May 8 -
Former CDR Financial Products, Inc. employees Douglas Goldberg and Daniel Naeh were not given any prison time or probation when sentenced on Thursday after pleading guilty in 2010 to multiple criminal charges for participating in wide-reaching bid rigging schemes in the municipal market.
May 8 -
Municipal mutual funds reported inflows increased to $943.23 million in the week ended May 8 from $26.38 million of outflows the week before.
May 8 - California
California tax revenues came in at almost $14 billion for the month of April, beating estimates by $300 million, according to a report from the state controller, John Chiang.
May 8
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Oppenheimer & Co. Inc. is expanding its focus on the East Coast and in Illinois with the addition of four municipal finance veterans.
May 8 - Illinois
The independent Minnesota-based financial advisory firm Ehlers expanded its Chicago presence by hiring of Jennifer M. Tammen and Adrienne J. Archia in its Lisle, Ill., office.
May 8
