Markets

The state's largest authority pulled off a $1.23 billion issuance that included its inaugural green bonds, and it did so during the height of the coronavirus pandemic.

The LBJ Infrastructure Group, operator of managed lanes on a Dallas highway, will sell $1.2 billion of bonds through a conduit issuer.

Munis firmed Friday, only the second time in December they weren't flat, and more than a few participants are waiting on yields to rise before getting involved, particularly given the rich muni/treasury ratios and low absolute yields.

Nelson, a 30-year veteran of the financial services industry, joins Hilltop's Encino, California, office.

Increases in producer and consumer prices on an annual basis, with a 0.3-point gain compared to last year may be a signal inflation will emerge and might force the Federal Reserve to act, economists said.

Pinned into a corner from the economic effects of COVID-19, the mass transit agency tapped its remaining amount available through the Municipal Liquidity Facility, which expires at year's end.

Wisconsin will use new pools for negotiated transactions starting next year

Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.

Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.

The largest tranche of the deal, $706 million with a 5% coupon in 2047, yielded 4.15%, a 275 basis point spread over triple-A paper.