Markets

The Louisiana State Bond Commission unlawfully banned two banks from underwriting bond deals because of their corporate gun policies, the lawsuit said.

With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.

Record inflows of cash to municipal-bond mutual funds coupled with the drop in tax-exempt yields has helped fuel the number of deals in more default prone sectors.

Investors are also facing the imbalance of summer reinvestment season and the typical mid-year volume deceleration in July and August.

CommonSpirit Health will sell $2.7 billion of taxable bonds and $3.1 billion of tax-exempt debt, with BBB-plus ratings, into a supply-starved market.

With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.

Brown left city government at the end of Rahm Emanuel's administration.

The authority reports $193 million of present value savings on a $651 million refunding.

Peter Delahunt, manager of municipal trading at Raymond James, says the market is directed by retail demand, the Fed, tweets, tariff discussions and compliance. Transparency has improved and volume will remain relatively flat except for an acceleration in current refunding activity. John Hallacy hosts.

Municipal bond buyers saw some big note and bond deals hit the market on Wednesday, led by issuers in Georgia and Colorado.