Chip Barnett is a journalist with almost 50 years of professional experience. He started his career at the Gannett Newspapers in Westchester County, N.Y., working his way up from back-shop compositor to Senior News Editor. Barnett later worked for Thomson Reuters in Manhattan, covering state and local government finance as a Reporter and later Executive Editor for TM3.com and as Editor in Charge of Municipal Finance for Reuters News. Later, he was the Editor of Municipal Finance Today at SourceMedia. Barnett has also worked for DebtWire/Municipals and has written about commercial real estate in South Florida and the Midwest for both The Real Deal and Globe Street. Barnett is currently a Reporter at The Bond Buyer.
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As the week drew to a close, municipal bond market participants looked ahead to a smaller-than-usual supply slate dominated by revenue bond deals.
November 6 -
To little surprise, the Federal Reserve left interest rates unchanged. Refinitiv Lipper reported tax-exempt muni bond funds lost about $954 million.
November 5 -
Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.
November 4 -
The only major deal slated on the calendar, the Maine Turnpike Authority, came to market on Tuesday.
November 3 -
Michael Roth, managing partner at Next Street, talks with Chip Barnett about how Black and Brown businesses are doing during the coronavirus pandemic. He looks at what our industry can do to help, from capital delivery to investment; beyond the usual solutions so small businesses and entrepreneurs in communities of color can succeed in an inclusive economy. (22 minutes) For more on this topic, see: Arizent's 'Access Denied' podcast series.
November 3 -
Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.
November 2 -
From feast to famine, ahead of the elections, the new-issue slate dries up while the secondary held steady.
October 30 -
Stanford Ladner of Butler Snow has been listed in the 2020 edition of “New York Metro Super Lawyers."
October 30 -
New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29 -
The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.
October 29 -
Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.
October 28 -
Municipal bonds were steady to stronger on Tuesday. Taxable issuance continues its record growth, putting overall issuance on pace to be the largest year on record.
October 27 -
Municipals were in a holding pattern ahead of this week's $15.8 billion new-issue slate as issuers pour debt into the market and investors remain cautious ahead of election results.
October 26 -
Municipals held firm Friday as the market gets set for another week of hefty supply. Citi anticipates $550 billion in 2021, led by surge in taxable issuance.
October 23 -
Municipals were little changed on Thursday as the supply surge continued ahead of the U.S. elections.
October 22 -
The securities industry was buoyed by federal stimulus and a massive influx of liquidity, report says.
October 22 -
The current deal deluge is causing a minor yield pullback, but levels have been steadier than many probably thought, trader said.
October 21 -
Municipals weakened as supply surged into the market, with AAA yields up by as much two basis points on longer-dated maturities.
October 20 -
The coronavirus pandemic took its toll on Hawaii's credit rating Monday as Fitch cuts the Aloha State's GOs to AA. NYC TFA announces $1.1B sale for next week.
October 19 -
Vice President/Senior Analyst, Moody’s Investors Service
October 19
