Public finance

Moody's Analytics, a subsidiary of Moody's Corporation, launched a new CreditView service for the public finance sector.

CALIFORNIA

CALIFORNIA

Table as of: 04/30/2013 10:45 AM Invisible Supply Issuer and purpose Amount

Long-term municipal bond issuance fell slightly for the month of April, yet still clings to a small increase for the year.

The impact of advances in information technology and the proliferation of open networks are mostly positive for financial markets, said speakers at the Milken Institute Global Conference in Beverly Hills.

Sen. Sheldon Whitehouse, D-R.I., has introduced legislation to authorize $500 million of federal grant money for nationally or regionally important surface transportation projects.

COLORADO

ALABAMA

President Obama on Monday tapped Charlotte, N.C. Mayor Anthony Foxx to replace Ray LaHood as Secretary of Transportation.

LOS ANGELES - Standard & Poor’s attributes much of the above-average creditworthiness of U.S. state governments to the unique countercyclical economic and fiscal support that the federal government offers the states, while warning that such support may be waning.

With tax season having passed, muni industry watchers anticipate the outflows to fade soon and interest beyond the front end of the yield curve to rise.

IOWA

ALABAMA

A $1.2 billion Iowa financing will headline the primary market activity this week as part of an overall projected volume of almost $5.8 billion, but could face challenges after a Texas fertilizer explosion two weeks ago and mixed reaction to economic news on Friday.

The tax-exempt market struggled to gain momentum all week as a limited primary calendar and uncertainty over the direction of interest rates in the secondary market kept buyers at bay.

After a steep decline in the floating rate notes market following the financial downturn, issuance has been steadily increasing in recent years as issuers and investors find value in the product.

CALIFORNIA

ARIZONA

The Bond Buyer's weekly yield indexes mostly rose the week ended April 25.