Dealer groups are asking the Municipal Securities Rulemaking Board for more flexibility with exceptions to its rule preventing dealers from buying or selling bonds below issuers prescribed minimum denominations.
Are you looking for ways to elevate your market knowledge and career? Find out how becoming a Certified Fixed Income Practitioner will help accomplish your personal and organizational goals. Taught by leading industry experts and conveniently delivered online via an interactive learning platform, Bond School is designed to help you build the foundational knowledge needed to effectively navigate the complex and ever changing financial markets.
See how the CFIP program has helped your colleagues across the country.
In its first deal with Frost Bank as its financial advisor, San Antonio Independent School District achieved savings of more than 18% on the refunding portion of a $123.7 million issue. The negotiated sale is scheduled to close June 9.
Mission Regional Medical Center, in the Lower Rio Grande Valley of Texas, suffered a five-notch downgrade to B-minus from Standard & Poor's Global Ratings. The downgrade affects $26.5 million of outstanding debt.
The Texas Supreme Court’s decision to uphold Texas’ “Byzantine” school funding formula will end three years of litigation but have no immediate impact on state or local school district credits, according to Moody’s Investors Service.
Days after winning voter approval of $155 million of bonds to keep pace with growth, the Anna Independent School District on the outskirts of Dallas took a two-notch downgrade from Moody's Investors Service. Anna was one of dozens of Texas school districts whose voters approved nearly $5 billion of bonds May 7.
Daniel Berger, Senior Market Strategist at Municipal Market Data, talks about the recent rally in municipal bonds which has brought long-term yields down to record lows. He talks about continuing demand from retail investors in light of the upcoming Summer redemption season and he discusses the allure that the American tax-exempt market has for overseas buyers. He outlines the recent spread compression in quality credits and also looks at some of the market's outliers -- Puerto Rico and Chicago.