Markets

While the bipartisan deal includes some helpful provisions, it does not contain any of the top priorities of municipal bond market advocates.

The pandemic was strikingly different than Sept. 11, financial meltdowns and other disasters, according to Robert Mujica.

The massive summer reinvestment into municipal bond mutual funds continue and are both sustaining the strength of investor demand and solidifying the technical footing of the market.

His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.

The economy continues to recover, with durable goods orders and consumer confidence suggesting strength, but concerns about the Delta variant of COVID-19 and continued supply-chain problems cloud the future outlook.

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

Federal relief and rising revenues drew a change in outlook from Moody's to stable from negative, but Moody's remains the only agency to rate Chicago at junk.

With municipal yields at exceedingly low absolute levels, the spread tightening between credits also continues.

The pilot program aims to expand its all-to-all Open Trading marketplace by allowing investor clients to select a diversity dealer to intermediate in secondary trading.

Preliminary yields in the offering memorandum show spreads of 112 to 169 basis points over triple-A benchmarks, substantially lower than spreads seen in a successful speculative grade PRASA refunding in December.