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Bond Insurers Adapting & Surviving In Challenging Environment
In a low interest rate environment which makes it difficult for the bond insurers to sell their product, the penetration rate of municipal bond insurance dipped to 5.77% from a seven-year high of 6.36% at the close of 2015.  more »
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Irvine, Calif.-based Opus Bank has launched a new public finance division to pursue business with municipal issuers along the West Coast. more »
Chicago-based Cabrera Capital Markets again has bankers on the ground on both coasts with the hiring of Brian Corley out west and Bonwick Capital Markets’ municipal banking managers out east. more »
Issuers in the Southwest sold $42.85 billion of bonds in the first half of 2016, only 0.6% behind the record pace of the same period last year, according to Thomson Reuters data. more »
Despite a slow start to begin 2016, an active second quarter has vaulted long-term municipal bond issuance onto a pace to reach the $400 billion volume plateau for the second straight year. more »
The transportation and utilities sectors grew by $7.9 billion in the first half of 2016 from a year earlier. more »
Short-term note issuance could continue to increase as the market awaits the Federal Reserve Board's eventual move to higher rates. more »
Cash-strapped Louisiana faces huge expenses as a result of the three days of torrential rains that flooded the southern part of the state, state budget chief Jay Dardenne told a legislative panel Thursday. more »
Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data. more »
An Illinois-based joint power agency heads into the market to refund $250 million of debt tied to the controversial coal-fired Prairie State Energy Campus. more »
Issuers say they have recently been delivering deals with 4%-or-less coupons to meet growing demand for cost-efficiency in the low yield climate. more »
California's $2.7 billion general obligation bond sale will meet plenty of demand amid market scarcity and an increasingly confident view of the state's financial strength. more »
Lately coupons of 4% – and in some cases even lower – are becoming more palatable to retail buyers because they decrease individual investors' dollar price when they purchase a new issue, strategists said. more »
Wilmington Trust announced that it has promoted Patrick Tadie to division manager of Wilmington Trust's Capital Markets Structured Finance Group, which provides agency and trustee services to the asset backed, mortgage backed, project finance, transportation leasing, and insurance-backed related markets. more »

Dean Fuleihan, New York City’s Director of Management and Budget, sits down with The Bond Buyer’s Senior Marker Reporter Chip Barnett to talk about the city’s fiscal 2017 budget. Fuleihan also discusses the city’s aging infrastructure and what it takes to get the right balance between maintaining the old and building the new.

While there is something wild about callable premium bonds, fortunately there may be a way to tame them.

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