MuniLand Snaps: February 13, 2012

February 13, 2012

The Municipal Securities Rulemaking Board has released data for January showing that the monthly number of small trades is decreasing while trade size is increasing. Trades of municipal securities of $100,000 or less, which are typically used as a proxy for retail activity, continued to trend lower, accounting for 81.4 percent of the 797,451 trades in January 2012. In terms of par traded, or the face amount of bonds that are redeemed at maturity, small trades accounted for 9.5 percent of all par traded in January. In comparison, trades of more than $1 million accounted for 3.5 percent of all trades and 72 percent of all par traded in January 2012.

Good Links

NYT: National entitlement map

NYT:  Federal safety net spending consumed ~66 cents of every dollar of revenue

BGov: A primer on President Obama’s budget process

The Edublog Awards Blog: The best education blogs of 2011

Dallas Morning News: Editorial: Poverty’s role in school reform

Off the Charts Blog: Want to promote job training and adult ed? Then fund them adequately

Chicago Sun-Times: Chicago mayor has 300 city data sets put online Trade municipal general obligation bonds on 25 percent margin

Reuters: Jefferson County makes principal and interest payments due Feb. 1

Bruce Kasting: On Meredith Whitney, munis and leaks


@Twitter Talk

Barrett and Greene @GreeneBarrett Barrett and Greene  Faith-based institutions engage 45 million volunteers — nearly 50% of U.S. volunteer total
PewCenterOnTheStates @PewStates PewCenterOnTheStates  Stateline: Ten states join effort to buy natural gas vehicles
Taxdotcom @Taxdotcom Taxdotcom  Interesting infographic about which states have the highest numbers of e-filers
Ted Nesi @tednesi Ted Nesi  We may see a weird dynamic over the coming months where Providence officials *want* to file for bankruptcy & state leaders try to avoid it.
Deb Gersh Hernandez @DebGH Deb Gersh Hernandez  City of Reno, Nev., posts “online checkbook” on new financial data website.
Tim Maniccia @tmaniccia Tim Maniccia  Ramsey County, MN revises Vikings stadium financing plan |…
Randall Jensen @randalljensen Randall Jensen  Seattle looking at financing options for a new arena, concerns about bonds hurting city’s AAA rating –
The Atlantic Cities @AtlanticCities The Atlantic Cities  A group of “guerrilla grafters” in SF is splicing fruit-bearing branches onto city trees. Good idea or bad?
No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see