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The two active municipal bond insurers insured $5 billion more in 2019 than they did in 2018 thanks to a surge of issuance in the fourth quarter. Assured Guaranty and Build America Mutual combined for $23.92 billion of insured volume spanning 1,724 transactions and 5.67% penetration rate in 2019. That is up from $18.92 billion in 1,249 deals and 5.58% insured rate in 2018.
January 21
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While the general feeling is the Federal Reserve will keep rates steady this year, not everyone is on board with that view.
January 21
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Ohio's Hamilton Community Authority issues bonds Thursday to help finance the redevelopment of a vacant paper mill.
January 21
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The municipal bond market will see a several large hospital corporate CUSIP taxable deals priced this week. Partners HealthCare Mass General, Cottage Health and Hartford HealthCare top a $7 billion calendar. Just what the doctor ordered for supply-starved buyers.
January 21
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New York City Council member Daniel Dromm and Citizens Budget Commission president Andrew Rein explore the effects of looming state Medicaid cuts on the city's $95.3 billion preliminary budget. Paul Burton hosts from City Hall.
January 21
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Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.
January 17
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The secondary market price has risen 40% since June 11.
January 17
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Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.
January 17
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Only $14.9 billion has been disbursed out of the $48.35 billion allocated by Congress since Hurricane Maria.
January 17
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The governor has recommended a $54.15 billion budget amid flat state revenue collections in the current fiscal year.
January 17
