New York City Municipal Water Finance Authority

While Scott Stringer and Eric Adams now top list of successors to Bill de Blasio, the political dynamic may have changed in the wake of social justice protests and the COVID-19 pandemic.

ICI reports another $2 billion inflow week while new issues fare well. High-grades around the 2026 maturity were trading in large blocks showing stability.

Diverse issuers from NYC to Texas to Chicago to Michigan to PA Turnpikes priced billions into the primary while the secondary again took a back seat.

Rates remain stagnant even as UST rallied Monday. Large deals from NYC and Texas issuers are on deck for Tuesday.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

The fragility of the economy amid protests and the continuing coronavirus threats have dealers unloading some risk.

The council wants to focus on the social safety net in light of the COVID-19 pandemic.

Uncertainty continues to hang over financial markets due to COVID-19. Stocks rebounded somewhat Tuesday while muni yields rose as much as 16 basis points — Tuesday saw a correction of sorts.

New York City has seen debt service savings in excess of $2 billion since 2014, but that the city must find more opportunities to cut costs, says Comptroller Scott Stringer.

Expanding housing affordability, helping small businesses, fighting climate change and improving education topped the list of new initiatives.

The muni market was weaker again on Wednesday with yields on the rise, yet that did not slow down the primary. It did not matter if it was tax-exempt or taxable — they were gone in a flash.

New muni and taxable muni issuance was easily absorbed as yields rose off of the record lows they landed last week.

The municipal market has been on a tear in terms of fundamentals and technicals that are driving the market and there isn’t much in the near-term likely to stymie that tone.

Municipal bond buyers will see a $7 billion new-issue calendar ahead.

Mayor praised for restraint ahead of uncertainty about possible big cuts to city services by Albany.

Wall Street had its most profitable first half in a decade; the second half remains uncertain.

The policy would require firms to consider women and people of color for every open board seat and for CEO appointments.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

Muni yields were mixed as weak economic data pressured Treasuries and stock prices.

The selection includes Acacia Financial Group and Frasca & Associates, each of which is certified as a women-owned business enterprise and Mohanty Gargiulo, a certified minority- and women-owned business enterprise.