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The upgrade lifts $1 billion of the Jacksonville system's water and sewer system senior revenue bonds to AA-plus from AA.
June 7
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Gambone, who has 30 years of experience in the municipal finance industry, replaced retiring head of public finance Eileen Solla-Diaz.
June 7
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"June started out fairly strong for the municipal market as the relative cheapness attracted investors looking for an opening to start buying bonds at higher yields," said Roberto Roffo, managing director and portfolio manager at SWBC Investment Company.
June 6
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The Housing Development Corp. will come to market with almost $1 billion of sustainable development bonds to fund new housing projects in the city.
June 5
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The system is incorporating some floating-rate risk into its fixed-rate debt portfolio to allow for strategic flexibility after its new hospital campus opens.
June 5
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Last week, munis underperformed the Treasury market "across the curve through Thursday with yields lower just 13bps," according to Birch Creek strategists. However, they said Friday's rally "in the front end helped pull shorter maturity munis ahead."
June 5
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The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.
June 5
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For the coming week, investors will be greeted with a new-issue calendar estimated at $8.213 billion.
June 2
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The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.
June 2
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Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data.
June 2
