Markets

GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.

With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song.

The orchestra received a first-time A rating from S&P Global Ratings ahead of its bond sale next week.

Municipal bond industry groups have been clamoring for advance refundings to be reintroduced as well as an expansion of PABs and direct-pay bonds.

During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped to 3.75% from 3.78% the week before.

Attention in the municipal market turned to the short-term sector on Thursday.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.