Markets

Without the benefit of a larger new-issue calendar, secondary trading is likely to continue the theme of the final two months of 2020: more bidders than bonds.

LACMA, one of Los Angeles' most prominent museums, will refund debt and move forward on construction of a building for its permanent collection.

From the Centennials to the COVID generation, the municipal market's demographics will change dramatically in the next decade as will the way investors view investing in munis.

Bel Air Investment Advisors is Hightower's 14th and largest acquisition in a year, with $8 billion of assets under management including $2.8 billion of municipals.

Paul Herman and Adam Mason of HIP Investor examine environmental, social and governance risks, ratings disconnects, transparency needs and HIP's deep dive into hospital systems. Paul Burton hosts. Recorded Dec. 14. (25 minutes).

Federal Reserve Bank of Chicago President Charles Evans says monetary policy will need to remain “accommodative for quite a while,” since inflation won’t hit a 2% average for “a long time.”

The new-issue calendar builds from almost nothing to $2.4 billion in the first week of the New Year, with deals ranging from education to taxables to social bonds on tap for investors.

The deal is rated BBB-plus by Fitch Ratings, Baa1 by Moody’s Investors Service and BBB by S&P Global Ratings.

After one of the worst sell-offs in municipal market history as COVID-19 began its rampage in March, the market rebounded to set the all-time record.

Dominick D'Eramo, head of fixed income at Wilmington Trust Investment Advisors, talks with Chip Barnett about how the municipal bond market did in 2020 and what may be on tap for munis in the new year. (12 minutes)