City of New York, NY

The Big Apple should be prepared to weather a big downturn, so the City Council is urging the mayor to put additional reserves into his budget proposal.

The old saw that rising rates are bad for bonds may not really be the case, one new report says.

Despite the previous technical difficulties of supply and demand, municipals are poised for a potentially stronger second quarter, according to Jeffrey Lipton, managing director of credit research at Oppenheimer & Co.

Traders and muni professionals said it was a typical light Monday in the municipal market — with favorable market technicals mixed with some underlying concern on the political front.

Retail buyers of municipal bonds got first shot at New York City’s big general obligation bond sale on Monday.

Weekly municipal market volume is expected to sink back below $5 billion in the coming week, making it harder for investors to price bonds.

Securities industry profits surged in 2017, as the the bonus pool hit an estimated $31.4 billion, according to an New York State Comptroller Thomas DiNapoli.

Municipals will see yet another week of sub-$4 billion issuance, as taxables take the top spot on the calendar.

A day after seeing the market rally and strengthen by five basis points on the long end, munis were quiet and flat ahead of another week of lackluster volume.

While state lawmakers have approved limited use, notably for the city's housing authority, city officials want to use the method across the board.

They say the city’s massive capital program needs right-sizing to solve a problem that goes back several administrations.

Solvency for the beleaguered unit is a tall order for the new H+H chief, given myriad challenges from within and afar.

As the New York City Housing Authority crisis festers, streamlined project delivery could help speed up emergency repairs and fund other capital needs.

Council Speaker Corey Johnson spelled out several conditions for such an increase to MTA Chairman Joe Lhota.

The declaration could expedite contracting for repairs at NYCHA units through limited city use of design-build project delivery.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.

California came roaring into the market on Tuesday, beating out the storm to appeal to both retail and institutional investors.

Investors will be rewarded for their patience with the year's biggest weekly issuance calendar, including a deal from the market's No. 1 issuer.

While the mood remained tentative on the last day of the week, the municipal market looks forward to the upcoming $7.5 billion of new supply headed its way.

Diminished Washington aid and a pending downturn require prudence, the city's comptroller said.