Finance

Top-rated municipal bonds were mixed at mid-session, according to traders, who were seeing the first of the week’s new issues hit the screens.

Municipal bond market participants are returning to work on Monday ready to see a smaller-than-usual new issue calendar awaiting them this week.

The state's treasurer, Seth Magaziner, cited the “back to basics” strategy his office undertook about a year ago.

Top-shelf municipal bonds ended mixed on Friday ahead of a smaller-than-average new issue calendar that is dominated by a variety of offerings from the Dormitory of the State of New York.

Northwestern was assigned a negative outlook on one of its triple-A ratings.

Issuance of municipal bonds fell 33.9% to $26.7 billion compared to $40.4 billion in September 2016.

Keys Energy Services estimates $32 million in damages from Hurricane Irma, and FEMA will cover most of it.

Top-shelf municipal bonds were unchanged at midday, according to traders, who are looking ahead to next week’s smaller-than average $4.97 billion new issue calendar.

The rating agency cited the backing of the authority's transportation revenue bonds by a gross lien on operating revenues.

The firm, which returned this year to public finance, hired five bankers in Texas, Florida, Illinois and New York.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be headlined by deals from a New York State issuer.

The payoff comes as the district takes out new tax anticipation notes.

Santee Cooper and South Carolina Electric & Gas monetized all but one payment of the $2.17 billion they expected to receive from Toshiba.

Top-shelf municipal bonds were weaker again on Thursday amid ripple effects from the tax reform news announced the day prior.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

The last issuance of the week started to come in on Thursday, as munis were weaker still.

The last issuance of the week is expected to drift in on Thursday, on the heels of yields jumping after details of tax reform were released.

Fitch Ratings said it has withdrawn its ratings for the United States Virgin Islands and the USVI Public Finance Authority.

Bonds were hit hard as tax reform details were disclosed.

Tax reform news and interest rate worries have caused muni yields to spike, according to traders, as more supply hits.