Finance

The state sold tax-exempt refunding debt at 2019 rates but won't deliver them until 2021 when the call date of the original bonds is reached.

The Palmyra-Eagle district can't dissolve, and must find a way to close a looming budget gap as its reserves and enrollment dwindle.

Large taxable deals fare well while gilt-edged Delaware yields track in line with AAA benchmarks in competitive deal.

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

Whether new dedicated revenue for the MTA or its higher total debt holds more sway in the capital markets remains an open question.

After returning north of 7% in 2019, the municipal bond asset class continues to see strong returns so far in 2020.

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.

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.

Rhode Island's governor is asking lawmakers to forward $269 million worth of initiatives to voters.

On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.

The mayor warned about looming state Medicaid cuts in his media briefing on the preliminary spending plan.

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

A calm rate outlook, a focus on taxable municipals, and a stable credit outlook are drivers of the current outlook and market convictions for Gary Pollack of Deutsche Bank. John Hallacy hosts.

Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.

Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.

The muni market saw a handful of deals price while the market strengthened ahead of the bellwether deals that come Wednesday and Thursday.

The first hard evidence of how this is affecting ratings in the public finance sector came from a downgrade two months ago involving Princeton Community Hospital in West Virginia.

It has been a couple of years since the market has seen an active January to start the year.

The state expects to set senior and co-manager pools with up to 15 firms each for an initial four-year term.