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BondWave Taps Industry Veteran Miscimarra to Help Expand Services
Bond industry veteran Tony Miscimarra is the new managing director of business development at BondWave LLC, as the financial technology company and registered investment advisor prepares to launch a suite of new technology products.  more »
State bonded debt was relatively flat in 2015, according to a report released this week by Moody’s Investors Service. more »
In one of the biggest rallies in recent memory, municipal bonds surged on Friday after Britain voted to leave the European Union. Yields on some top-rated municipals fell by as much as 17 basis points to record low levels, in a move that some analysts said signaled yields will remain near all-time lows for longer than anyone had expected, and that negative U.S. interest rates may be on the horizon. more »
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices was steady at 3.80% from the previous week. more »
The political and financial dysfunction of Illinois cost the state $12 million on Thursday’s $550 million bond pricing compared to its previous sale in January, according to a report from the University of Illinois Institute of Government and Public Affairs. more »
Illinois paid a steeper penalty to borrow Thursday after a fresh round of downgrades but a municipal market offering historically low yields helped disguise the spreads. more »
In the week ended June 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was six basis points lower to 3.80%, from 3.86% the previous week. more »
The city of Los Angeles is set to offer $1.46 billion of tax and revenue anticipation notes on Tuesday, June 21, in what will be the largest TRAN offering in the United States this year. more »
Municipal bond investors are in a good position to wait out the Federal Reserve, after policy makers left the target interest rate unchanged and signaled increases will be gradual, strategists said. more »
California's new, higher legal smoking age of 21 heralds more trouble for tobacco securitization debt, said analyst Richard Larkin. more »
New Jersey bonds could see spread tightening after a state Supreme Court decision upholding the 2011 suspension of cost of living adjustments to retiree pension benefits, but any boost will likely be short-lived, according to Municipal Market Analytics. more »
Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group. more »
U.S. banks' holdings of municipal bonds increased to $507.5 billion in the first quarter of 2016, a 1.7% gain from the $499 billion of holdings in the fourth quarter of 2015. more »
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell four basis points to 3.86% from 3.90% in the previous week. more »

Carl Weisbrod, Director of the New York City Department of City Planning, joins Bond Buyer Senior Markets Reporter Chip Barnett to talk about the surge in NYC’s population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.

As we await the final shoe to drop with regard to the SEC's MCDC initiative, the municipal market may be at a turning point in terms of disclosure.

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