Finance

The municipal bond market is prepped to see some supply hit the screens on Wednesday, led off by issuers in Indiana and Florida.

Top-shelf municipal bonds ended unchanged on Tuesday as eight separate groups won portions of the big Texas note deal.

S&P cited benefits such a borrowing would offer Illinois.

Lokken will work in Atlanta as Parker Poe continues to expand in the Southeast.

The district faces growing enrollment amid shrinking financial support.

Top-shelf municipal bonds were unchanged at mid-session as the state of Texas sold the biggest note deal of the year.

Lord Abbett’s Dan Solender and Eric Friedland join the Bond Buyer’s John Hallacy to discuss the market tone, rates, sectors, and credit quality. The colleagues give a frank assessment of the landscape, including federal policy, state financial trends, relative strengths of revenue bonds and the shape of the yield curve and the outlook for rates.

The state of Texas is selling the biggest deal of the week on Tuesday — a $5.4 billion note offering, which is also the biggest short-term sale so far this year.

The city priced refunding bonds for Philadelphia Gas Works.

Top-quality municipal bonds finished stronger on Monday, according to traders, who face a smaller-than-average bond calendar and a $5.4 billion Texas note deal this week.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

Top quality municipal bonds were stronger at mid-session, according to traders, ahead of this week’s $4 billion new issue calendar.

State officials say they won't permit unlimited short-term borrowing.

The municipal bond market is looking at a smaller than average bond calendar this week, which will be dominated by the short-term note sector.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Short-term note issuance rose less than 5% in the first half of 2017 as municipalities relies less on cash flow needs.

Although market conditions and a still relatively low interest rate environment continue to hamper the bond insurance industry, there continue to be encouraging signs including a slight uptick in the insurance penetration rate.

The $560 million deal is expected to sell later this month.