Markets

The North Texas Tollway Authority will sell a mix of taxable first-tier and tax-exempt second-tier bonds in the refunding transaction.

Refinitiv Lipper reported another week of inflows at $1.64 billion, with $630 million headed into to high-yield. Benchmark yields rose as much as four basis points following weaker U.S. Treasuries, resistance to ultra-low yields.

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.

The municipal market largely ignored the FOMC news that it would hold rates steady. New Jersey was 20 times oversubscribed and ICI reported $2.5 billion of inflows into long-term municipal bond mutual funds.

Data released Tuesday show an improving economy, which continues to stoke fears of impending inflation. Muni investors await New Jersey's $1.57 billion transportation deal.

The bistate agency’s exports link increasingly to information-based services, an NYU Rudin Center study says.

The forward-delivery bond, part of its $1 billion special tax obligation issuance, was a first for the state, Treasurer Shawn Wooden said.

Jim Robinson, portfolio manager of the Robinson Tax Advantaged Income Fund at Liberty Street Advisors, talks about the changing ways investors should view stocks and bonds. Within the municipal bond market, closed-end municipal bond funds may represent a particularly attractive opportunity. Robinson notes that at a time when the cost of leverage is falling, discounts on closed-end funds are high. Lynne Funk hosts. (18 minutes)