Finance

Banker David Schott has joined Stern Brothers' New York office.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

During the new issue pricing period is when institutions place their orders. Independent advisors and their clients are wise to follow the money.

The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

Moody's changed the outlook on its Aa3 rating to positive from stable.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Municipal bond volume will dip to a more average 2018 level next week.

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

Sterling National Bank has a new municipal group focused on an array of non-public financing services during a time when loans to bond issuers are on the decline.

Tuesday’s House hearing will be chaired by Rep. Bob Goodlatte, R-Va., who was a steadfast supporter of the previous standard under which a remote seller had to have a physical presence in a state in order to be required to collect sales taxes.

New issues were well spoken for on Thursday as hungry investors with available cash participated in the largest deals of the week.

Henry County Superior Court Judge Arch McGarity ruled that bills signed by Georgia Gov. Nathan Deal in May did not violate the state constitution.

Moody's upgraded the bonds issued to build the Mets' Citi Field while boosting its outlook for Yankee Stadium bonds.

Municipal bond market participants are seeing the last of the week’s healthy new issue slate hit screens.

The study adds to the growing body of findings by think tanks and credit rating agencies that highlight the pitfalls states face when considering new taxes on e-cigarettes and marijuana because of the changing habits of American consumers.