Markets

The California Debt Limit Allocation Committee wants to allocate $900 million in remaining private activity bond capacity.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. The green bonds were offered to retail buyers on Monday, who ordered about $770 million of the bonds, according to a market source.

As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.

Existing home sales grew 2.0% to a seasonally adjusted 5.48 million-unit rate in October from a revised 5.37 million sales pace the previous month.

The impact of tax reform is on the minds of all participants in the municipal bond market. The Bond Buyer’s Washington Bureau Chief Lynn Hume joins Contributing Editor John Hallacy in breaking down what the House and Senate plans will mean for state and local governments as well as the effect it will have on underwriters and dealers, bond counsel and financial advisors. Hosted by Chip Barnett.

The region's non-manufacturing sector “continued to expand, but with a slowing in the pace of growth.”

The Chicago Fed National Activity Index for October increased to 0.65 from 0.36 in September, while the three-month moving average (CFNAI-MA3) rose to 0.28 from 0.01, the Federal Reserve Bank of Chicago reported Tuesday.

The MTA offered $2.2 billion of green bonds to retail buyers, looking to save on borrowing costs with a type of sale that may be banned under pending tax legislation.

The New York Metropolitan Transportation Authority’s $2.2 billion deal was offered to retail buyers. In secondary trading, municipals were trading mixed at mid-session.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.