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The deal comes as high-yield muni investors are hungry for paper.
May 8
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Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.
May 8
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New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.
May 8
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Munis and U.S. Treasuries have been more reactive to geopolitical news than to economic data that traditionally moves the market, according to MMA's Kevin McGuigan.
May 7
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The commission approved several issues for Charlotte.
May 7
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The rating agency cited an improving governance profile, which incorporates a trend of budgetary reserve fund maintenance and increasing pension contributions.
May 7
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The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.
May 7
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The muni new-issue market got a breather after a heavy supply day on Tuesday, according to Franklin Templeton's Jennifer Johnston.
May 6
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Spirit's ceasing operations after a failed $500 million bailout comes as the airport sector remains resilient despite ongoing geopolitical tensions, with spreads compressing compared to other transportation sectors despite rising fuel costs, Barclays strategists said.
May 6
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Senior bonds most recently traded for 30 cents on the dollar.
May 6
