Derivatives and Structured Products
August 26, 2013, 1:47 p.m. EDT 1 Min Read
Strong and growing sales tax revenues support the bonds. Repayment isn't tied to ridership, which has declined.
Polk County, Iowa is issuing $113 million of general obligation capital loan notes, Series 2024A, for the Des Moines Airport Authority's new terminal project.
Munis posted losses in April, returning negative 1.24%. The asset class is also seeing losses of 1.62% year-to-date.
Alaska's efforts to manage its cyclical revenues brought an upgrade from S&P Global Ratings and positive outlook from Moody's Ratings.
Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.
April's volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023.