Markets

The creation of the Municipal Liquidity Facility helped not only eligible entities but also those left out of using the program.

Despite the recent outflows and volatility of the Treasury market, municipal bonds have and should continue to outperform as stimulus from Washington provides some respite.

The museum is borrowing through the tax-exempt market for the first time to finance is ongoing transformation plans.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

With the reset in yields in the rear view, valuations — especially relative to Treasury — will likely support continued robust demand.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

Jacqueline Dunn had held the interim position since last September.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

Municipal bond issuers in the Southeast sold $76.91 billion of bonds in 1,152 issues in 2020, putting volume slightly ahead of 2019, according to Refinitiv data.