New York State Dormitory Authority

A reversal of fund flows and the arrival of the economic aid for states and local governments helped boost the market's morale ahead of $10 billion in new-issues supply this week.

Municipals largely ignored the moves to higher yields in U.S. Treasuries as participants await the largest new-issue calendar of 2021 and big-name deals out of New York and Illinois.

Skeptics ask whether New York's governor is overplaying the Washington hand and how the state can improve its own lot.

The Puerto Rico Aqueduct and Sewer Authority said it might be refinancing its bond debt with a new bond issue by the end of the year.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

State University of New York refinancing could offset lost revenues from expected declines in student housing revenue stemming from the COVID-19 pandemic.

Municipals finished little changed ahead of this week's almost $14 billion of new issues.

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.

In secondary trading municipals ended weaker after a strong employment report.

Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.

New York's DASNY is expected to make a $1 billion private placement Friday.

Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of the curve. Lipper reported $580 million of inflows.

Investors are sending the message that higher-grade, longer-term issuers will fare far better than lower-rated, higher-yield ones amid a focus on credit.

The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.

The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.

The region's bond issuers sold $113.3 billion of debt in 2019, a 16.8% increase from 2018 fueled largely by a spike in taxable deals.

Reuben McDaniel III, newly appointed CEO and president of the Dormitory Authority of the State of New York, outlines his vision for one of the nation’s top municipal bond issuers. Hosted by Andrew Coen.