Public finance

Bond sales by the University of California and New York City are likely to win a favorable reception in the coming week as the primary market rallies after the unexpected decision by the Federal Reserve Board to delay tapering its $85 billion-a-month economic stimulus program.

Moody's Investors Service has taken action on the long-term ratings of $1.7 billion in jointly supported letter of credit-backed municipal bonds.

American Airlines proposed merger with US Airways Group stands to impact all airports but several US Airways large hubs are most at risk for change, Wells Fargo Securities LLC says.

A rally in the municipal bond market this week couldn’t slow the stampede from muni bond mutual funds, which recorded outflows for a 17th consecutive week.

The municipal market faces more volatility after the Federal Reserve decided against reducing its stimulus efforts, as investors and other participants shift their attention to the looming fiscal debate, debt ceiling and the selection of a new Fed chairman.

Table as of: 09/19/2013 12:22 PM Invisible Supply Issuer and purpose Amount

CONNECTICUT

ARIZONA

Positive developments delay the date of tobacco securitization bond defaults but defaults are still likely, municipal bond analyst Richard Larkin warned.

The Bond Buyer's weekly yield indexes declined the week ended September 19.

A Financial Industry Regulatory Authority arbitration panel has ruled against The Police and Fire Retirement System of the City of Detroit, which was seeking at least $39.9 million from Citigroup Global Markets, Morgan Stanley Dean Witter and other firms over risky investments.

Outflows resumed for tax-exempt money market funds, which lost $619.5 million in the week ended Sept. 16, according to The Money Fund Report, a service of iMoneyNet.com.

KENTUCKY

CALIFORNIA

The Please Touch Museum of Philadelphia defaulted on almost $59 million in bonds. The children's museum says it needs a workout.

CONNECTICUT

ILLINOIS

Table as of: 09/16/2013 12:05 PM Invisible Supply Issuer and purpose Amount

ILLINOIS

ILLINOIS