MuniLand Snaps: March 16, 2012

March 16, 2012

Another great map from the Tax Foundation.

Good Links

Reuters: U.S. municipal bond funds report $698 million inflows, around half the amount of last week

Bond Buyer: Muni market groups strongly oppose floating NAVs for money market funds

Ipreo: Muni deal calendar (week of Mar. 19, 2012)

Bloomberg: Cigna buying corporate bonds while divesting municipal bonds

Bond Buyer: Michigan governor to Detroit: State won’t step in

Detroit News: Detroit mayor was allegedly given the proposed consent agreement last week with one hour to review it Governor Lincoln Chafee unveils municipal reform and relief legislation

Bloomberg: New York Legislature approves pension overhaul

GovTech: New York City vendor SAIC to pay $500 million settlement for fraud, largest ever

Chicago Tribune: Mayor proposes to privatize public assets with no transparency

Bond Buyer: Two-day event on distressed municipalities

@Twitter Talk

Pedro da Costa Pedro da Costa @pdacosta Market hikes rates: U.S. 10-year Treasury note yields have risen over 0.40 percentage point since March 7.
Atlanta FedAtlanta Fed  @AtlantaFed RT @msnbc_business Consumer prices up by most in 10 months thanks to gasoline
LynnHumeLynnHume   @BondBuyergirl Joint Committee on Taxation: Muni Interest Cap Would Raise $520B –
Mike Stanton Mike Stanton  @MikeStanton1891 MSRB Chair Polsky on proposal to end NRO price notes: “What’s the most important day in a bond’s life? The day it’s priced.”

California WatchCalifornia Watch  @CaliforniaWatch What are bonds, and how do schools use them? @alvaradoCW explains.

Ian Donnis Ian Donnis  @IanDon @LincolnChafee‘s city and town bill would cut disability pensions from 66.3% of salary to 50% if affected employee can perform other work

Pension DialogPension Dialog  @PensionDialog The dangers of skipping annual payments into the pension system explained in Washington state

Heather LongHeather Long  @byHeatherLong @PatriotNews met w/ Harrisburg city council prez Wanda Williams and controller Dan Miller. They also believe bankruptcy inevitable & best option
John ArchibaldJohn Archibald  @JohnArchibald Chief Justice Candidate Harry Lyons: The only candidate who was both bar mitzvahed and baptized. And shot twice. Coming soon…
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