Heard at the Bond Buyer's 2nd Annual Tri-State Area Public Finance Conference
May 23, 2012 4:13 PM
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.
The deal is the second large bond issued from the Public Energy Authority of Kentucky this year.
A year after raising its ratings to investment grade, Moody's Ratings upgraded Detroit's issuer and general obligation bond ratings again, to Baa1.
MFS Investment Management predicts "compelling opportunities for muni investors" in the second half of the year.
Up to $505 million of bonds could be issued.
As the Senate-approved version of the reconciliation bill bounces back to the House, the SALT caucus that was key to its passage takes a look at SALT provision changes.