Finance

Moody's downgraded the 417-bed Claremont Properties project to Caa2.

As there are just eight full work days remaining in the year, muni market leaders believe that 2020 will look a lot like 2019 — high volume, increasing taxable issuance and strong demand.

The National Federation of Municipal Analysts has consistently called for steps to reduce investors' reliance on stale financial information.

John Williams said Friday that the Federal Reserve's three interest rate cuts this year have bolstered the housing market and consumer spending.

Citi sees volume growing in 2020 to $440 billion with $95 billion of taxables on tap for next year.

Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.

Muni yields rose as more bonds hit the marketplace in the last big supply rush of the week.

The general obligation bonds are secured by property tax assessments that don't flow through a school district budget that is threatened with insolvency.

The Federal Open Market Committee left rates unchanged and looked likely to keep monetary policy on a steady course for the near term.

"What, me worry?" was the slogan of the muni market on Tuesday as participants forged ahead to price and buy bonds.

Fitch Ratings raised Hawaii to AA-plus from AA.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

A steep decline in school district reserves drove a two-notch downgrade and has drawn a subpoena from the Securities and Exchange Commission.

The data and news provide a more granular look at event notices, Fidelity says.

Morgan Stanley is cutting about 1,500 jobs globally, including several managing directors.

Trade worries returned among investors as the Fed meets this week to decide on interest rates.

In 1949, the first meeting of the Municipal Analysts Group of New York was held. Still thriving 70 years later, MAGNY will celebrate its anniversary at the Yale Club Friday.

Fresh on the heels biggest volume week of the year — and in nearly two years — the market is keeping the pedal to the metal.

If anyone had doubts about the market's ability to digest the largest weekly issuance influx in nearly two years, those can be put to bed now that all the deals have come and gone.

The muni primary was busier than expected, as two mega deals priced one day early to take advantage of market conditions.