Finance

ICI reports another $2 billion inflow week while new issues fare well. High-grades around the 2026 maturity were trading in large blocks showing stability.

Diverse issuers from NYC to Texas to Chicago to Michigan to PA Turnpikes priced billions into the primary while the secondary again took a back seat.

Talent, Oregon, was in the path of destruction created by the Almeda Fire in a 13-mile corridor between Ashland and Medford.

S&P issued a bulletin Monday warning that pressure is mounting on Illinois' BBB-minus rating —the lowest investment grade — as federal relief remains stalled.

Rates remain stagnant even as UST rallied Monday. Large deals from NYC and Texas issuers are on deck for Tuesday.

On Friday, municipals finished little changed, with yields remaining steady along most of the AAA GO scales.

Jim Beard, Atlanta's CFO for seven years, was charged by a federal grant jury with fraud, theft of government funds and purchasing illegal machine guns.

The new-issue market saw deals from Houston, the Illinois Finance Authority and the City and County of San Francisco, Calif., hit the screens.

Duane McAllister and Lyle Fitterer of Baird talk with Chip Barnett about low rates and credit quality. They discuss the best scenarios for investors and issuers in these challenging times. (20 minutes)

About 500 of Raymond James' workforce will be cut because of a decline in earnings due to low interest rates and the pandemic-induced economic downturn.

Five specialists from the former BB&T Capital Markets, now part of Truist, are moving to Hilltop Securities.

Secondary trading picked up somewhat while the new-issue market saw a large amount of taxables in the negotiated space while Pennsylvania competitively sold $470 million of general obligation bonds.

Potential fiscal fallout from the police killing of George Floyd and the pandemic's economic strains brought a negative outlook to the city's AAA S&P rating.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.

This deal is designed to expand MarketAxess’ existing municipal bond trading solution for global institutional investor and dealer clients, the firm said.

The Puerto Rico Housing Finance Authority may issue $250 million of tax-exempt capital fund modernization program refunding bonds the week of Sept. 28.

"Yields are just still so remarkably low," a New York City trader said.

Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.

The rating agency lowered the authority's transportation revenue bonds to A3 from A2, citing again the effects of the coronavirus.