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Top-shelf municipal bonds were steady around lunchtime, as muni traders are seeing a busier than usual Monday with a few deals pricing for retail and for institutional investors.
July 24
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Although total weekly volume is expected to be low, municipal bond traders will start the week running, with a few deals expected to price on Monday.
July 24
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Moody's cited a vote to raise employer contribution rates.
July 21
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Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.
July 21
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The drop in issuance comes despite a decline in yields over the past week that made the market issuer-friendly.
July 21
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Assured Guaranty and Orrick, Herrington & Sutcliffe LLP expanded their business even as muni volume shrank amid political uncertainty.
July 21
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Moody's Investors Service cited underperforming revenues and low pension funding levels.
July 21
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The state still needs revenues and cuts to balance its spending plan.
July 21
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Top shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to next week’s smaller-than-average new issue calendar, which Ipreo estimates at $4.24 billion.
July 21 -
Municipal bond traders on Friday are already looking ahead to next week’s smaller-than-average new issue calendar, which will be topped by New York City’s big general obligation bond sale.
July 21
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Moody's says the legislation will be credit positive for school districts and the state.
July 20
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Top-rated municipal bonds ended stronger on Thursday, traders said, as investors snapped up debt from the Tar Heel state.
July 20
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The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.
July 20
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The rating agency cited state budget volatility that affects local government aid.
July 20
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Top-rated municipal bonds were stronger at midday, traders said, as North Carolina competitively sold more than $550 million of bonds.
July 20 -
Bingham's 35-year muni career includes US Bancorp, Société Générale and Wachovia.
July 20
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Municipal bond traders will be seeing the last of this week’s larger deals come to market on Thursday, with North Carolina competitively selling more than $550 million of bonds in a single offering.
July 20 -
Top-quality municipal bonds ended stronger on Wednesday, according to traders, as deals from Virginia and Georgia issuers hit the market.
July 19
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The lockbox provision could allow issuers to borrow at higher ratings, but may punish existing bondholders.
July 19
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The concerns have arisen in the weeks following a round of budget negotiations that was particularly tough for several states.
July 19
