Quantcast

Special Report

Commentary

The Bond Buyer accepts bylined commentary pieces of 1000 words or less for publication in the Monday edition of The Bond Buyer and The Bond Buyer online. The deadline for submissions is Noon on the Thursday prior to publication. We reserve the right to edit submissions.

Letters to the editor of 500 words or less can also be submitted for publication.

To submit a Commentary or Letter to the Editor, email the document to Editor in Chief Gavin Murphy at gavin.murphy@sourcemedia.com


While lower oil prices are likely to have a stimulative effect on the national economy, we are wary of impacts on the finances of local credits in the Oil Patch. more »
This week we update our analysis of export volumes. We also take a brief look at the relationship of municipals to Treasuries and its potential impact on supply. more »
Texas’ economy is suffering from lower energy prices, according to the latest statistics, while New Jersey faces mounting challenges as absentee Gov. Chris Christie runs for president. more »
The municipal market is in a dire need of realistic optionless yield curves. more »
As this year ends, market sentiment, as measured by Municipal Market Data, is more subdued than usual. We can think of a few possible reasons. more »
Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline. more »
The costs of issuing, trading and managing portfolios of tax credit bonds would cause such securities to be unappealing both to issuers and investors. more »
While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. … more »
Underwriters of municipal bonds have an obligation to perform due diligence on the issuer and any other individual or entity that may be required to make payments on the bonds as they come due. more »
The notion of option-adjusted spread (OAS) is the standard analytical tool for taxable fixed income securities. It is also making inroads into the muni market. Unfortunately the usual implementation for munis is flawed, rendering the results virtually meaningless. So it is understandable that many muni professionals shy away from OAS in favor of the archaic ‘yield-to-worst’ approach. Correct implementation would undoubtedly attract converts. more »
The slowing Chinese economy and the strong U.S. dollar have the potential to impact export oriented industries in the U.S. more »
The second wave of underwriter settlements was similar to the first, but with some new details on issuers failures to comply with prior continuing disclosure undertakings. more »
Rating upgrades overlook rural and secondary markets with high unemployment and aging demographics that will continue to challenge hospitals in those markets. more »

Career Zone

Jobs

New York City Comptroller Scott Stringer discusses improving the city's pension system with Bond Buyer senior Northeast reporter Paul Burton. Stringer also examines the effect of the proposed state budget on the city and reminisces about his cousin, the late Congresswoman Bella Abzug.

While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. ...

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.