Search

The article informs that Illinois will remarket limit-on-close (LOC) orders of its variable-rate paper from a 2003 issue with fresh letters of credit from six banks in November 2013 and mentions that the expired liquidity of the paper will be replaced by Depfa Bank PLC. It further mentions that the financial services company Moody's Investors Service Inc. and Standard & Poor's Corp. will rate the paper.

Coming off the biggest volume week of the year, another steady batch of issuance awaits muni traders. [ABSTRACT FROM AUTHOR]

Primary municipal bond market volume is expected to increase to $6.7 billion. [ABSTRACT FROM AUTHOR]

The municipal bond market is prepping for around $5 billion of new issuance in the upcoming holiday-shortened week. [ABSTRACT FROM AUTHOR]

Reports that Wisconsin will sell $50 million of general obligation variable-rate notes in December 1998 under a commercial paper program launched in 1997. Funding of construction projects that have traditionally been funded with fixed-rate debt; Interest rate; Attractiveness of the transaction; Plans to convert the notes into fixed-rate mode in the third year.

The article reports on the increase in the trading of Puerto Rico bond in the secondary market in the U.S. The increased trading is driven by the enactment of a fiscal 2007 budget by the commonwealth. Analysts claim that the Puerto Rico market is stable with a spread of 10 to 15 basis points on insured bonds from commonwealth issuers. Compared to bonds issued by states, the Puerto Rico bond trades higher.

The article presents information about the weakening of the U.S. municipal bond market. Having absorbed heavy supply earlier this week, the municipal bond market weakened yesterday as some balances continued to show up in the secondary and participants were ready to make a concession to the bid side if they wanted to move paper ahead of an abbreviated session today and a three-day Memorial Day weekend. The bid side softened and participants were willing to give up a few basis points to sell bonds.

Reports developments related to the municipal bond market in the U.S. Detection of the slow trading of municipal bonds; Contribution of an increase in oil prices on the trading; Anticipation for rising credit risks in the Gulf Coast states.

The article focuses on the U.S. bond market, and states that traders looked for short-term California notes during trading as of September 11, 2014. It mentions that California issued 2.8 billion U.S. dollars of revenue anticipation notes in September 2014, which will mature in June 2015, and states that the deal was priced aggressively at a net interest cost of 0.107%, according to the U.S. Municipal Securities Rulemaking Board's disclosure website Electronic Municipal Market Access (EMMA).

The article focuses on recent developments in the bond market in the U.S., as of April 1, 2005. A number of traders alleged that American International Group Inc. (AIG) had more than $1 billion worth of bonds out for the bid on Tuesday and Wednesday. The bulk of the value was offered on Tuesday and the bonds were mostly intermediate and short calls. AIG did not confirm issuing any bid-wanted lists. This week's new issuance also contributed to the pressure pushing bond prices down. Treasury bond prices have been moving lower since early February 2005.

Reports on the issuance of lease revenue bonds to finance correctional, juvenile and public safety facilities by the West Virginia Economic Development Authority. Construction of public safety facilities; Bond ratings; Appreciation of the state's action to preserve budgetary balance and solid financial position.

The article reports on the lower yields in the traditional municipal market questioning the continuation of duration risk for minimal gains in the U.S. in 2010.

Reports that New York City has obtained a global debt facility in connection with its general obligation bond sale. Issuance of bonds denominated in either dollars or foreign currencies in other counties; Background information on the city's global borrowings; Comments financing policy director Alan Anders on the bond sale. INSET: New York City's global borrowings..

Several charts are presented that list transactions related to negotiated note offerings in the U.S. for the months of September and October 2006. Information about the note issuers, including Arizona Transport Board, Cape Coral, and Virginia Port Authority; description of the notes offered and their corresponding value; and the financial advisers of the offering is also provided.

Several charts are presented that list transactions related to competitive note offerings in the U.S. for the months of September and October 2006. Information about the note issuers, including New Jersey, Manatee Co SD, and Wyandotte Co. Unified Government.; description of the notes sold and their corresponding value; and the financial advisers of the transactions is also provided.

Reports economic developments in Washington as of October 2001. Statistics on the auctioned nine-year and ten month notes; Assessment of the Federal Open Market Committee on economic recovery; Increase of issued Treasury securities.

Reports that Shelby County, Tennessee is selling bonds to take out short-term notes that have been issued for its commercial paper programs. Sale of variable-rate and fixed-rate general obligations bonds; Financial advisers and bond counsel; Bond rating.

The article reports on the "White Paper on Federal Securities Law Relating to Municipal Securities" draft unveiled by the National Federation of Municipal Federation of Municipal Analysts in the U.S. The draft is designed to provide analysts with a legal basis for demanding more bond-related information from issuers and other transaction participants. The draft is asking market participants to comment on it by November 30, 2007.

Reports the assignment of Standard & Poor of its triple-Af credit quality and S1 volatility ratings to the State of Texas Treasury Pool. Amount of the commercial paper issued by the Texas Public Finance Authority; Rating of Carole Keeton Rylander; Reflection of triple Af and S1 rating. INSET: Texas Harbor District to Sell $466M Deal for Dow.

Municipal bonds were stronger on Monday as supply-starved investors awaited the week's planned $4.9 billion of new paper. [ABSTRACT FROM AUTHOR]

Municipals were little changed in early activity as the market gets ready to see almost $7 billion of new paper come its way this week, led by issuers from Virginia and Maryland. [ABSTRACT FROM AUTHOR]

The article presents information on a paper released by the nonprofit organization Pew Charitable Trusts which highlights that the suspension of state and local government series bond securities by the U.S. Department of Treasury is the longest in 17 years. It discusses the conditions which lead to the suspension of the state and local government issued bond securities along with the steps taken to minimize the debt amount levied on the government.

The article reports on the declaration of the U.S. Department of the Treasury to raise $8.995 billion of new cash at its weekly auction of 91-day and 182-day discount bills by selling $46 billion to refund $37.005 billion in maturing securities. To be sold are $24 billion 91s, dated February 21, 2008 and due May 22, 2008, and $22 billion 182s, dated February 21 and due August 21, 2008.

The article reports on the 60-day cash management bills sold by the U.S. Department of the Treasury. The administrative agency sold $30 billion 60-day cash management bills, dated February 15, 2008 and due April 15, 2008, at a 2.510% high tender rate. The bid to cover ratio was 3.49. The coupon equivalent was 2.563% and the price was 99.581667.

Reports on The Bond Market Association's (TBMA) criticism on the Municipalities Securities Rulemaking Board's proposed amendment to its Rule G-32 which would require underwriters in the U.S. to provide electronic and paper copies of officials statements. Argument of the TBMA that the proposed changes is "unnecessary and burdensome"; Recommendation that Rules G-32 and G-36 should onel require delivery of electronic official statement.

Reports that the U.S. National Federation of Municipal Analysts (NFMA) has released its final disclosure recommendations for variable-rate and short-term municipal securities on February 7, 2003. Composition of NFMA; Inclusions in the recommendations; Impact of the recommendations on the issuers.

Predicts an increase in the rating of non-rated municipal bonds in the United States. Factors that inspired interest in rated paper; Possible impact of the Heartland Advisors Inc. bankruptcy on the government securities market.

The article reports that governmental issuers are granted an extended deadline by the U.S. Treasury Department which is until December 1, 2009 to purchase and hold auction-rate securities, variable-rate demand bonds with seven-day put options, and tax-exempt commercial paper. The notice issued by the agency still maintains the 180 day ownership window, and expands the reach of two previous notices issued earlier in that issuers of variable-rate demand bond and short-term commercial paper.

The article reports on the performance of the municipal bond and Treasury markets for the week ending March 7, 2008 in the U.S. At the end of the week, the municipal market was flat as traders mired in uncertainty. On the other hand, the Treasury market reported gains, with yield on the benchmark 10-year Treasury note finished at 3.35% from 3.44%.

The article reports on the argument of market groups against the U.S. Internal Revenue Service's redesigned Form 990 which would require nonprofit organizations to provide information about their use of municipal bonds. The market group said that completing the information requested for past transactions will be extremely difficult and burdensome. The group suggested that the form should be revised because the existing version is vague and confusing.

A market indicator watched by the Fed as one of the most accurate gauges of economic health is pricing in lower rates for the first time in more than a decade. [ABSTRACT FROM AUTHOR]

Municipal bond buyers will get another chance to get some Massachusetts and Texas paper as both issuers head into the market. [ABSTRACT FROM AUTHOR]

Reports on the performance of municipal bonds and government securities in the United States, on October 14, 1997. Pressure on prices; Setting of positions on supply; Losses of underwriters; Comments from industry executives on the performance of bonds and securities.

The article reports that the U.S. National Association of Bond Lawyers' (NABL) agenda for 2017 will be the tax exemption of municipal bonds, issue price, political subdivisions and disclosure. Cliff Gerber, President of the NABL said that the biggest challenge may be the viability of the tax exemption and whether there are impairments to the tax exemption.

The article reports on the performance of the municipal bond market in the U.S. on January 25, 2008, after an early sell-off and then a later rally. Traders said that aside from widespread firmness in one-year paper, the rest of the tax-exempt curve ended flat. One expert said that it is hard to get a handle on anything and believes that some new paper might help. The Treasury market showed gains in which it opened at 3.72% and finished at 3.55%.

The article examines the status of municipal bonds in the United States as the market waits for the February 2006 non-farm payrolls report. According to traders, intermediate paper was slightly weaker during the midday of March 9 but improved by the end of the session. The author also examines the effect of the U.S. Treasury's selling of $8 billion of 10-year notes on the bond market.

The article reports on the status of municipal bond yield indexes during the week in the United States ending February 10, 2006. The indexes were down after demand for long-dated paper increased due to strong 30-year Treasury bond auction and yields on the short end increased because of growing concern that the Federal Open Market Committee will continue to raise the overnight lending rate. Yields decreased after the Treasury sold $14 billion of bonds in the final of its $48 billion quarterly refunding package.

This article presents information on the municipal bond market of the United States. Fitch Ratings Inc. upgraded to A from A minus the District of Columbia's outstanding general obligation bonds and left in place the existing positive rating outlook, raising the possibility of a further upgrade. Amy R. Laskey, a managing director at Fitch says that the general obligation upgrade is really the continuation of the financial and economic momentum that they've built up over the last several years. The one-notch upgrade yesterday affects $3.8 billion in general obligations. Fitch's former rating of A-minus bad been in place since June 2003.

The article reports that municipal bonds in the U.S. edged lower yesterday, with participants cutting prices on their offerings in order to move paper as supply began to weigh on the market, with New York and Washington selling $516 million and $492 million of bonds, respectively, amid other sizeable new issues. Municipal bond yields were adjusted an additional two to three basis points higher after they were raised as much as seven basis points Monday, when Treasuries sold off. The market began to sell off Monday just as participants needed to make room on their shelves for heavy new issuance, creating additional selling pressure.

The article comments on the financial performance of bonds issued by various companies. It adds further that municipal bonds remained static, but the market had firm underlying tone due to specific buying interest. While a $222 million Massachusetts special obligation gas tax revenue offering rounded out major new issuance for the abbreviated holiday week. Treasuries crawled into positive territory in the second half of the session, providing support to the tax-exempt market, where some crossover accounts, trusts departments and insurance companies were looking for specific paper to fit their needs.

Reports on the upcoming municipal bond deals in the U.S. primary market for the week of October 4, 2004. New Jersey Economic Development Authority's cigarette tax revenue offering; Bond structure; Delaware Transportation Authority's revenue offering in the competitive market; Bond offerings from Wisconsin and Minnesota.

Reports on the plans of Hillsborough County, Florida to competitively sell revenue bonds after the July 4 holiday weekend. Sale date; Sealed bids for the Series 2004 bonds; Use of a portion of the bond proceeds to refinance storm water commercial paper notes; Moody's Investor Service's rating to Hillsborough County's sale.

Reports that every major securities-related issue facing the U.S. municipal market will be on the regulatory agenda in 2002. Factors on which the time and extent of the regulatory action depends; Market position; Description of the controversial paper regarding securities; Impact of the revised proposal on dealers.

Provides updates on investors and investing trends in Washington. Cheaper trade of Washington papers compared to national levels; Upgrade of Tarrant County to a triple-A; Offer of government owned issues by the Federal Way School District No. 210.

Reports on bonds to be issued in Western United States in 2000. Los Angeles, California, Airports commercial paper; Hawaii Department of Transportation airport revolving and refunding bonds; Port of Seattle, Washington, revenue bonds.

Focuses on the impact of low cash outflows of municipal funds on the performance of high-yield bond markets in the United States. Shortage of buyers of high-yield bonds; Buyers' preference for investment-grade paper; Attraction of high yield bonds on investors; Attitude of high-yield bond investors towards the market.

Presents investment-related news in the United States (US) as of July 1999. Concern about possible increase in interest rates; Relationship between municipal bond and the US Treasury bills; Implications of the prices of funds.

Examines the performance of variable-rate demand notes and other money market funds in the United States as of October 23, 1998. Short-term yield curve; Municipal market data yield curves; Money market funds managed by BankBoston and Nuveen Advisory Corp.

The article reports on the trends of municipal yields in the U.S. bond market. Historically, municipal bonds are historically cheap and expensive in the current market environment. Many municipal bonds rated at least single A all along the yield curve carry yields near 40-year troughs, particularly for higher-grade and short-term paper. Meanwhile, as inflation practically at zero and investors averse to any type of risk, benchmark interest rates are abnormally low.

The article reports on the status of the municipal bond market in the U.S. as of July 23, 2007. The municipal market was largely unchanged with two sizeable new issues from New York City and Minnesota accounting for more than $1.5 billion of volume. Among 5% coupon paper in the larger series of the deal, bonds that mature in 2010 were closest to Monday's Municipal Market Data triple-A yield curve, with yields six basis points over the scale.