Holiday Shortened Week Will See $6.6B with LIPA Leading the Way
Prices on top-shelf municipal bonds were slightly weaker still at midday Friday traders said, with yields on some maturities as much as one basis point higher. The primary market has seen all of the large issues priced for the week, including two $2 billion deals and will now start to eye next week’s slate, which is estimated at $6.6 billion.
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Piper Jaffray Cos.’ acquisition of Bank of Montreal’s Chicago-based municipal bond sales, trading and origination business, BMO Capital Markets GKST Inc., is expected to close Friday.  more »

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Public finance guru Richard Ravitch identifies Puerto Rico, pension liability, New York regional transit and other public finance red flags in a podcast with Bond Buyer senior Northeast reporter Paul Burton.

The local property tax exemption for non-profit institutions has come under attack in recent years, as municipalities, coping with diminishing tax bases, have sought new sources of revenue to bolster their treasuries.

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