Community Standouts
New Issuance
Yu He

Muni ETFs experienced "some of the most severe and prolonged pricing dislocations across all ETF categories in March 2020," the paper said.

Yu He

Muni ETFs experienced "some of the most severe and prolonged pricing dislocations across all ETF categories in March 2020," the paper said.

Anatomy of a Deal
Martin Arrick, Build America Mutual
MuniThink

Issuance has increased, but financial performance and ratings are likely to stay volatile.

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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