BAM Posts Secondary Market Insurance Quotes on Bloomberg
Build America Mutual started posting indicative quotes for secondary market insurance on more than 10,000 CUSIPs on the Bloomberg Professional Service, the bond insurer announced on Tuesday. All of the bonds listed have been underwritten by BAM's public finance group and pre-approved by the insurer's credit committee.  more »
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Kourtney Ratliff Gibson has been named President of Loop Capital Markets, the firm announced on Tuesday. In her new role, she will to report directly to Chairman and Chief Executive Officer James Reynolds, Jr. 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 »
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 »
Wilmington Trust opened a new office in Birmingham, Ala., as part of an expansion of its corporate trust services in the Southeast; six new employees will offer trust and escrow services. 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 »
National Public Finance Guarantee sued Puerto Rico Wednesday to overturn the commonwealth's debt moratorium law. more »
Detroit plans to refund more than $600 million of general obligation bonds for savings in a deal that would mark its first GO sale since exiting its historic Chapter 9 in late 2014. more »
Scranton, Pa., which received its first bond rating in five years — junk-level BB from S&P — intends to sell $40 million to fund a back-pay settlement with police and fire unions. more »
The University of Michigan will sell $300 million of high grade commercial paper next week to fund ongoing capital projects and refund debt. more »
Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group. more »
North Carolina’s Fayetteville Public Works Commission auctioned $114.4 million of 25-year bonds on Wednesday, resulting in yields lower than the utility’s last foray into the market two years ago. more »
Massachusetts does not expect to draw on the state's rainy-day budget to fill a $311 million revenue gap for fiscal 2016, a budget official tells investors. more »
With construction crews ready to get to work this summer, Wisconsin-based issuers will sell $235 million of debt this week to cover most of the public's price tag for a new $524 million arena for the NBA's Milwaukee Bucks. 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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