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Assured Guaranty and Orrick, Herrington & Sutcliffe LLP expanded their business even as muni volume shrank amid political uncertainty.
July 21
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Moody's Investors Service cited underperforming revenues and low pension funding levels.
July 21
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The state still needs revenues and cuts to balance its spending plan.
July 21
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Top shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to next week’s smaller-than-average new issue calendar, which Ipreo estimates at $4.24 billion.
July 21
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Municipal bond traders on Friday are already looking ahead to next week’s smaller-than-average new issue calendar, which will be topped by New York City’s big general obligation bond sale.
July 21
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In the week ended July 20, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell six basis points to 4.05% from 4.11% the previous week. The BB40 Index is based on the price of 40 long-term bonds.
July 20
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Moody's says the legislation will be credit positive for school districts and the state.
July 20
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Top-rated municipal bonds ended stronger on Thursday, traders said, as investors snapped up debt from the Tar Heel state.
July 20
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The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.
July 20
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The rating agency cited state budget volatility that affects local government aid.
July 20
