Markets

While experts say municipals should have been included in the new liquidity coverage ratio ruling for large banks, they are at odds over its anticipated impact.

In its smallest cash-flow borrowing deal since 2006, California achieved a record-low interest rate on its $2.8 billion sale of revenue anticipation notes on Wednesday.

Municipal analysts should scrutinize local pension plans because they are subject to more event risk, according to a report by Loop Capital Markets.

Oppenheimer is set to return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.

Pension obligations are no different than borrowing obligations, public finance expert Richard Ravitch told a group of investors in New York.

Oppenheimer squared off against the Rhode Island Tobacco Settlement Financing Corp. at a state court hearing Monday as the fund company sought to block a $593 million tobacco bond refunding sale originally slated for early August.

University of Pennsylvania economist Kevin Gillen is the keynote speaker at the Sept. 26 meeting of the Philadelphia Area Municipal Analyst Society.

An uptick in negotiated offerings will do little to alleviate the drought in the long-term primary arena this week, as just over $3 billion is expected to arrive. Most attention will focus on a single $2.8 billion financing in the short-term market.

Some municipal fund managers are finding it's possible to use the secondary market to help determine fair bond pricing after a drop in new issuance has limited their reliance on the primary market as a benchmark.

Inflows or all municipal all municipal bond funds moderately declined during the municipal bond sell-off the week ending September 3rd.