State of New York

New deals started to flow in and take advantage of historic lows of muni yields and rates.

Issuance is set to seesaw, as new-issue volume was the heaviest of the year last week, at almost 40% larger than 2019 weekly average. And this is expected to be one of the lowest-volume weeks of the year to date.

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.

Lack of supply continues while professional money keeps market liquid.

The municipal market started off the week like gangbusters, but was ending very quietly on Thursday as the holiday-shortened week approaches.

The municipal primary saw billions of new deals hit the market, but the final yields on the biggest deal of the day result in something that the market hadn’t seen in a while — a repricing to higher yields.

A key New Jersey link to the long-stalled Gateway Tunnel project under the Hudson River into Manhattan cleared a major barrier for federal funding Monday and now awaits clearance from the White House.

An industry fall coincides with a rise in sustainable investing around the world and divestment from fossil fuels.

Issuers are coming to market in droves this week as they try to take advantage of excellent market conditions and get deals done before upcoming holiday shortened week.

Municipal investors should go long as the short end is expensive, strategists say.