Markets

The primary market is still waiting for the last few deals of the week to hit, as both the holiday weekend and tax bill becoming law draw closer.

When the future of tax-exempt bonds for nonprofits was unclear, the Dormitory Authority of the State of New York unleashed many end-of- year transactions.

Bond director Ben Watkins lamented the loss of the refinancing tactic that helped refinance 62% of the state’s debt portfolio.

Only a handful of larger deals remain for pricing in the market on Wednesday, as comprehensive tax reform is imminent.

Existing home sales grew 5.6% to a seasonally adjusted 5.81 million-unit rate in November.

Breakneck action continued in the primary market as issuers flooded the market ahead of the tax reform vote, in order to get deals closed before the end of the year.

New Jersey is planning more than $200 million in borrowing for new government office buildings amid opposition from many in the state's capital city.

Indiana’s experience provides a roadmap for what can go wrong in a private partnership, though it's not indicative that the funding technique is flawed.

The action continued on Tuesday in the primary market as issuers flooded the market ahead of the tax reform vote, in order to get deals done and closed before the end of the year.

The week got off to a fast start on Monday and will pick up right where it left off on Tuesday, as issuers are doing what they can to get deals done and in the books before yearend. Tuesday is expected to be one of the last busiest primary days of the year.