Finance

It will seem like Christmas in August for municipal investors when nearly $12 billion of new issuance interrupts the dog days.

Municipal bond volume soars to nearly $12 billion next week as supply-starved buyers await the new issue slate.

“Strategic investments” account for the 20% increase in spending since New York Mayor Bill de Blasio took office, his budget director said Thursday.

The Hutchinson Shockey name will continue after its acquisition by Ohio-based Huntington Bancshares.

Puerto Rico issues rallied after the main parties reached a deal on the restructuring of Puerto Rico Sales Tax Financing Corp. bonds.

Federal disaster relief mitigates the credit impact of fires and other catastrophes, rating agencies say.

S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

Puerto Rico issues rallied after the central parties reached a deal concerning Puerto Rico Sales Tax Financing Corp. bonds.

Only a few of the 45 states that levy sales taxes have announced plans to begin implementation before the end of this year.

Short term gains would be overshadowed by long-term risks, according to Municipal Market Analytics.

Municipal CUSIP requests declined in July after four straight months of volume increases, suggesting a slowdown in issuance ahead.

The Moody's upgrade comes as the city is exploring a privatization of the Lambert airport.

The municipal bond market saw more supply hit the screens on Wednesday, topped by New York City’s big general obligation bond offering.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

New York, Wisconsin and California issuers priced bonds as investor demand continued to support municipal debt, analysts and traders said. Deals ran the gamut from high-grade to high-yield.

The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.

Led by issuers in New York, Minnesota and Michigan, municipal bond buyers saw more supply head their way on Tuesday.

The early birds caught New York City general obligation bonds, as RBC priced an $810 million offering to retail buyers to start a busy primary week.

The Trump administration’s effort to publish a proposed rule comes just over two months after the IRS announced May 23 it was working on the regulations to enforce the $10,000 cap on what previously was an unlimited personal deduction of state and local taxes, also known as SALT.

The five bankers will work in the firm's Chicago, Washington, D.C., and New York offices.