New York State Dormitory Authority

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 shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.

Municipal bond yields moved lower in secondary trading as some big deals were sold.

Few deals priced, as trading was subdued before the Federal Open Market Committee’s interest rate decision.

Gerrard Bushell is leaving the Dormitory Authority of the State of New York after four and a half years as president and CEO.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

An increased reliance on endowment spending put the highly selective liberal arts college at risk of a credit downgrade.

Municipal bond issuers in the Northeast sold $44.9 billion of municipal bonds in the first half of 2019, down 7% compared to the first half of 2018.

A reduced debt burden following the completion of capital investments positioned Orange Regional Medical Center in New York’s Hudson Valley for a credit upgrade.