Issuer officials who said Treasury's final issue price rules are a vast improvement over earlier proposals nevertheless raised concern that they might discourage competitive sales of bonds or create problems for issuers if underwriters run afoul of the rules.
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New York City Mayor Bill de Blasio responded to the economic and financial uncertainty that followed Donald Trumpís victory in the presidential election with a budget update that showcases caution and fiscal responsibility.
In a Bond Buyer roundtable, Northeast regional editor Paul Burton and markets reporters Chip Barnett and Aaron Weitzman explain how the muni market is a microcosm for a crazy year. They discuss issuance, yields, red-flag states, New York Citys finances and what we might expect in 2017.