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While Central Falls, RI, and Pittsburgh see light at the end of their tunnels, other tales of municipal distress from Harrisburg to California are much messier.
March 15 -
Medicaid and Medicare funding cuts under the new federal health care law could force states to choose whether to compensate hospitals with their own dollars or let hospitals' credit quality decline, Moody's said.
March 15 -
Table as of: 03/14/2013 15:36 PM Invisible Supply Issuer and purpose Amount
March 15 -
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Mark Crisson, president and chief executive officer of the American Public Power Association, plans to retire from the group on April 1, 2014.
March 14 -
Reps. Richard Neal, D-Mass. and Lee Terry, R-Neb., both former public officials, have introduced a resolution on the importance of municipal bonds to state and local governments that they hope will garner a lot of attention and support among House members.
March 14 -
Municipal bond mutual funds saw outflows for a second straight week, at $133 million, as the market absorbed a large calendar with concessions.
March 14 -
The Senate Budget Committee Democrats' budget resolution for fiscal year 2014 suggests the possibility of percentage or dollar caps on tax preferences such as tax-exempt muni bond interest, pushes traditional tax-credit bonds for transportation, and proposes a $10 billion infrastructure bank to provide loans and loan guarantees for projects.
March 14 -
Tax-exempt money market funds lost $2.17 billion and total net assets settled at $276.62 billion in the week ended March 11.
March 14 -
Some market participants believe the recent outflows from municipal bond mutual funds could be a sign of the "great muni rotation," while others believe such a rotation is unlikely to occur anytime soon.
March 14
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Table as of: 03/13/2013 11:35 AM Invisible Supply Issuer and purpose Amount
March 14 -
The municipal bond market is weakening by slow accretion. A second day of California GOs and Empire State Development Corporation paper have kept market participants busy and pushed up yields incrementally
March 13 -
The municipal market started Wednesday morning slightly weaker in tone as dealers worked to unload some of their balances.
March 13 -
Just because the household sector saw a material decline in its holdings at year end, it didn't mean the retail crowd snubbed its nose at municipal securities altogether — it just shifted its access to the debt.
March 13
