Community Standouts
New Issuance
BB_052926.jpg

Daily report for May 29, 2026

BB_052926.jpg

Daily report for May 29, 2026

Anatomy of a Deal
Yvette Shields
MuniThink

Our friend and colleague Yvette Shields will be among those posthumously inducted into The Bond Buyer Hall of Fame. Here are some thoughts about how and why we came to this decision.

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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