Finance

The municipal bond market is mostly breathing a sigh of relief after it has had time to digest the possible effects of new U.S. tax legislation, according to a report.

As Pennsylvania prepares to sell $1.39 billion of tobacco bonds next week, Invesco released a report that highlights reasons investors should own tobacco bonds.

Oil appears to be making a steady comeback, lifting prospects for the key producing states, according to Fitch Ratings.

A “sensibly priced” deal from a New York issuer was snapped up by buyers on Thursday as municipals weakened slightly in secondary trading.

As Pennsylvania gets set to sell $1.39 billion of tobacco bonds next week, Invesco released a report on the sector that offers several reasons why investors should be holding tobacco bonds.

Chicago’s Sales Tax Securitization Corp. bonds cleared the market after a one-week delay.

Wednesday's sales of Chicago's Sales Tax Securitization Corp. taxables and Connecticut’s special tax obligation bonds underscored the increasing prevalence of special obligation offerings.

Technology has changed the muni market, but a complete restructuring of how bonds come to market is expected by analysts.

Municipal and Treasury bonds weakened as stocks surged to record highs in early trading.

The Sales Tax Securitization Corp.’s second offering faced a tougher market environment.

The $55 million deal would be the second leg of financing needed for the $571 million project.

Underwriters reportedly offered spreads to the Municipal Market Data’s AAA benchmark scale of 55 basis points on serials ranging from 2031 to 2038.

The authority realized $534 million in present-value savings from those transactions in 2017, said finance director Patrick McCoy.

The cloud-based application is designed to help smaller firms access data on a broader universe of bonds.

MacKay Municipal Managers has released its list of the top five trends to watch for in the municipal market this year.

Gov. John Bel Edwards released a spending plan for 2019 targeting health care and higher education to bridge much of the deficit.

The university expects healthy reception for its higher education bonds in a supply-constrained market.

State agencies are also holding $2.3 billion of bills that can’t be paid until lawmakers approve appropriations, the state comptroller said.

A pre-marketing wire on the Sales Tax Securitization Corp.'s $366.2 million of tax-exempts indicates the Chicago deal may see wider spreads than in its bond sale last month.

Although tax reform concerns pushed issuers into the market in December, CUSIP requests for the year, were lowest since 2014.