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Former Financial Industry Regulatory Authority vice chairman Stephen Luparello received $5.34 million of total compensation in 2012 the highest of any of the individuals in The Bond Buyer's annual survey of the compensation levels at 21 industry, self-regulatory, state and local, and muni related groups.
October 8
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The most-traded P3 bonds have rallied this year, and retained gains since the Sept. 22 bankruptcy filing by the manager of the Indiana Toll Road.
October 8
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The cost of Maryland's Purple Line rail project has risen to $2.45 billion, up $21 million since September and almost $1.5 billion more than projected in 2007, according to the latest estimate by the Maryland Transit Administration.
October 7 -
The city of Detroit rested its case in the trial to decide if its bankruptcy confirmation plan will be confirmed after Detroit Mayor Mike Duggan and City Council President Brenda Jones testified that they would work to support and implement its plan of confirmation.
October 7
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Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.
October 6
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Rather than getting yield by buying in the longer-middle to back-end of the curve as barbell investors typically do, Newtown Square, Pa.-based Veritable is purchasing bonds maturing from five to seven years for the long end of its barbell.
October 6
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While municipal volume is expected to be just above $5 billion this week, traders say with a substantial amount of those bonds being issued as taxable, supply suited to traditional muni investors will be closer to $4 billion.
October 5 -
Bond insurer Syncora Guarantee Inc.'s settlement with Detroit was the focus of much of the testimony Friday during the federal trial on the city's bankruptcy exit plan.
October 3 -
A Chamber-led advocacy group is buying billboards and ads in 33 congressional districts urging Congress to fix the Highway Trust Fund.
October 3 -
Muni managers and analysts say the absence of retail participation in the muni market has been palpable and that the net negative supply, historical low municipal to Treasury ratios, narrow spreads, and headline risk are contributing to the pull back.
October 3
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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points in the week ending October 2 to 4.40%.
October 2 -
South Florida environmentalists filed suit Thursday to stop dredging of the channel to ready the PortMiami for opening of the expanded Panama Canal.
October 2
