Finance

The muni market is skidding to a halt from a break-neck issuance filled two weeks, as few notable deals remain on the calendar.

The two largest deals of the week touched down, as yields rose with comprehensive tax reform just a few President Trump pen strokes away from becoming official.

Bridgeview, Illinois is the second Illinois home rule community to take advantage of new borrowing program.

The primary market is still waiting for the last few deals of the week to hit, as both the holiday weekend and tax bill becoming law draw closer.

Only a handful of larger deals remain for pricing in the market on Wednesday, as comprehensive tax reform is imminent.

Breakneck action continued in the primary market as issuers flooded the market ahead of the tax reform vote, in order to get deals closed before the end of the year.

New Jersey is planning more than $200 million in borrowing for new government office buildings amid opposition from many in the state's capital city.

Indiana’s experience provides a roadmap for what can go wrong in a private partnership, though it's not indicative that the funding technique is flawed.

The action continued on Tuesday in the primary market as issuers flooded the market ahead of the tax reform vote, in order to get deals done and closed before the end of the year.

The week got off to a fast start on Monday and will pick up right where it left off on Tuesday, as issuers are doing what they can to get deals done and in the books before yearend. Tuesday is expected to be one of the last busiest primary days of the year.

In an unusually busy Monday, municipal bond issuers tried to beat the clock and complete sales ahead of the impending tax reform.

The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.

A limited tax base and heavy legacy obligations have hamstrung the city, according to the rating agency.

Now that the uncertainty of tax legislation and how it relates to munis is gone, market participants can focus on the upcoming calendar — as it will most likely be the last big supply week for a while, with Christmas and New Year’s right around the corner.

The final tax bill released late Friday afternoon saved private activity bonds but advance refunding bonds will disappear.

As the exact language of the final tax legislation looms, municipal market participants eager wait to see how it pertains to private activity bonds, there will be $11 billion of issuance awaits as issuers make one final push.

Moody's dropped Wood County Hospital Association to Ba1 and assigned a negative outlook.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.