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The Muni New Issue Upload Form was created to expand access to additional deal participants and streamline the submission process for the forward calendar.
January 12
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Municipals were little changed Monday as participants await the larger new-issue calendar while equities and U.S. Treasuries react to news out of Washington and COVID-19 ravages the globe.
January 11
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As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.
January 11
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The employment report showed 140,000 decline in nonfarm payrolls in December, but economists found some positives in the numbers.
January 8
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The state will sell $182.2 million of highly rated general obligation bonds in three separate offerings.
January 8
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The tentative schedule includes $2.3 billion of new money and $4.6 billion of refundings and reofferings, state Comptroller Thomas DiNapoli said.
January 8 -
It was inevitable that muni yields would need to rise somewhat as the UST 10-year broke above 1%, however participants said the supply/demand imbalance will keep munis from rising as quickly as Treasuries. More than $1 billion inflows reported.
January 7
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John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal infrastructure program and talks about what to expect under a Biden Administration. Chip Barnett hosts. (Recorded Dec. 22; 22 minutes)
January 7
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FOMC members backed maintaining asset purchases, although “a couple” were “open” to “weighting purchases of Treasury securities toward longer maturities,” according to minutes released Wednesday.
January 6
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The growth in issuance in 2020 spread out over the top 10 underwriters, with bulge-bracket firms sharing the wealth.
January 6
