Public finance

Table as of: 09/05/2013 17:12 PM Invisible Supply Issuer and purpose Amount

Rep. Steve Stivers, R-Ohio, has introduced a bill that would expand leasing for offshore oil and gas drilling and allow the Treasury Department to use the revenue to issue bonds, the proceeds of which would eventually go into the highway trust fund and state revolving loan funds.

Table as of: 09/03/2013 11:42 AM Invisible Supply Issuer and purpose Amount

INDIANA

There is undoubtedly considerable waste from inefficient advance refundings, but let's not throw out opportunities to save taxpayers' money, when warranted, by giving credence to half-baked theories based on shoddy scholarship, says Andrew Kalotay.

Citi has entered into a new partnership with TMC to offer its negotiated new-issue municipal bonds to dealers in the retail fixed-income trading system's network.

Securities and Exchange Commission chairman Mary Jo White's annual salary is $165,300, far below the base compensation of any of the top-paid, full-time officials of 21 self-regulatory, industry, government, and other municipal securities-related groups, most of which the SEC either oversees or have members the commission regulates or protects.

A federal judge sided with American Airlines in agreeing to set a November trial date for the federal government's civil antitrust lawsuit against the airline's merger with US Airways Group.

Evidence suggests that declining per capita driving rates in recent years cannot be dismissed as a temporary byproduct of the Great Recession, the U.S. Public Interest Research Group Education Fund found in a study released Thursday.

KANSAS

ILLINOIS

Investors returning from the Labor Day holiday will be met with slim pickings in the primary market this week as long-term volume is expected to drop to just over $1.50 billion this week, led by the pricing of two higher education financings on Wednesday.

The plunge in long-term municipal bond volume for 2013 continued as issuers in August floated 37.7% less than they did over the same period in 2012, the latest sign that rising interest rates are curbing issuer demand.

Table as of: 08/29/2013 13:28 PM Invisible Supply Issuer and purpose Amount

IOWA

CALIFORNIA

The Bond Buyer's weekly yield indexes continued to climb the week ended August 29.

Municipal bond mutual funds got a reprieve after three weeks of increasingly large outflows, with just $1.74 billion withdrawals in the week ended Aug. 28, according to Lipper FMI numbers.

Congress should permanently reinstate a Build America Bond program with a 28% subsidy rate to encourage state and local governments to invest in infrastructure projects, Brookings Institution recommended in a report this week.

Outflows among tax-exempt money market funds erased the inflows they gained last week - and then some -- as $1.06 billion fled the industry and total net assets dipped to $266.89 billion in the week ended Aug. 26, according to The Money Fund Report, a service of iMoneyNet.com.