MuniLand

MuniLand Snaps: April 10

By Cate Long
April 10, 2012
muni snaps

Data from the CDC: Teen birth rates in 2009 by state per 1,000 girls aged 15-19 years. Teen birth rates were lowest in the Northeast and upper Midwest and highest across the South and Southwest. On first glance it seems that politically conservative states have higher teen birth rates. Hat tip: Richard Florida.

Good Links

Muni Nation: A high-level view of muniland’s credit quality

WSJ: No transparency: Some muni issuers saw their CDS widen 25-40 basis points on big bang

Patriot News: Harrisburg’s sad saga is about to take another turn

Moody’s: Rating agency downgrades Detroit sewer and water bonds

Bond Buyer:  Three muni executives are set to face bid-rigging trial in New York City

Learn Bonds: The bond broker wall of shame

Bloomberg: California teacher pension plan’s unfunded gap widens

Institutional Investor: Five questions for New York State Comptroller Thomas DiNapoli

Chicago Tribune: One sentence at core of pension reform debate

NYT: Huge rooftop farm is set for Brooklyn

@Twitter Talk

Bob NelsonBob Nelson  @BNels22 MMD looking at double-digit yield drop on Monday in much of the AAA curve as munis play catch up to Friday’s NFP move in Tsys.

BondDesk Group LLCBondDesk Group LLC @BondDesk MuniMkt screamed higher on the back of the sharp run up in treasuries. Yields inside 5yrs fell 3-6bps while 6-20 yrs fell from 10-15 bps.

David GuarinoDavid Guarino @Dave_Guarino 8 new monetary defaults (issuers defaulting for 1st time on principal and/or interest) in Q1 ’12 vs 12 in Q1 ’11 and 25 in Q1 ’10.  #muniland

THATHA  @TheHbgAuthority Proposals are due by 4 today for RRF and Water/Sewer transactions. See our website for more details.  http://www.hbgauthority.com

Matt KatzMatt Katz @mattkatz00 Pennsylvania kicks 79,000 sick kids off Medicaid; a third got bounced by mistake. Great reporting by @phillydailynews http://bit.ly/HxAsT0
Michael MaroisMichael Marois  @MichaelMarois Calstrs says unfunded gap widened to $64.5 bln, $8.5 bln more than last year after lowered assumed rate & market losses.
Tim ManicciaTim Maniccia  @tmaniccia Jefferson County Accuses BNY Mellon of Taking $584,742 From Fund http://bloom.bg/HF0hw2
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