Assured Guaranty Reports 2016 Gains
Assured Guaranty Ltd. reported gains in operating earnings and shareholders’ equity last year as it again led the municipal bond insurance industry in both par amount and number of deals.  more »
Chicago-based Daniel A. Noyes & Co. has added three institutional sales professionals to its fixed-income team in Indianapolis, a move the firm believes cements its expansion into municipals. more »
Issuers of revenue bonds are beginning to fully understand how interest rate risk works and how they are affected by rising interest rate risk. more »
Morgan Stanley will pay a $115,000 fine and $55,284 in restitution after FINRA found the firm engaged in muni transactions where it charged prices that were not fair or reasonable. more »
Assured Guaranty Ltd., the largest municipal bond insurer, announced a quarterly dividend of $0.1425 per common share, an increase of nearly 10% from the payout it declared on Nov. 2. more »
Build America Mutual published its full year and fourth quarter financial reports, as the bond insurer saw both its claims-paying resources rise and generally accepted accounting principles pre-tax losses. more »
After 12 years of co-heading the municipal market group at Citi, Joe Geraci has been promoted and appointed deputy head of the municipal securities division. more »
A change in the credit cycle may be in store for the municipal bond market as the combination of wider-than-average credit spreads and a rising-interest-rate climate threaten to restrain demand for high yield paper. more »
The Glades Correctional Development Corp. in south-central Florida said that it received a preliminary Internal Revenue Service determination that its 2006 bonds violate the private activity use test. more »
Municipal bond insurance took on a tough environment once again in 2016 and although the penetration rate dipped slightly, overall par amount insured was up slightly compared with 2015. more »
Municipal bond issuers brought a record $450.31 billion in long-term debt to market in 2016, driven by a surge in refunding volume as issuers rushed to market to take advantage of historically low rates while they still could. more »
Healthcare and utilities municipal bond issuance grew by a combined $27 billion to 2016 from 2015. more »
Short-term note issuance slipped 1.5% in 2016 as continued austerity among state and local governments and attractive long-term interest rates kept the sector in a downward trend. more »
Chicago-based Mesirow Financial Inc. is tapping its capital markets division president Dominick Mondi to serve as company president. more »

Ohio University sports financing expert and former player agent Bob Boland sifts through the messy issue of bond financing for NFL stadiums and franchise relocation with Bond Buyer northeast regional editor Paul Burton.

As we await details of the new administration’s infrastructure plans, we must continue to demonstrate the strengths of the tax-exempt municipal market that we have today.

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