Community Standouts
New Issuance
A visitor looks at artwork at the Museum of Modern Art in New York

The Museum of Modern Art's "preeminent" reputation has powered the New York City institution's finances. It may have boosted its municipal bond sale last week.

A visitor looks at artwork at the Museum of Modern Art in New York

The Museum of Modern Art's "preeminent" reputation has powered the New York City institution's finances. It may have boosted its municipal bond sale last week.

Anatomy of a Deal
MSRB President and CEO Lynnette Kelly
MuniThink

As the Electronic Municipal Market Access website enters its second decade, look for a series of investor-focused enhancements, including streamlined design and more intuitive navigation.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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