State of New York

Paul Burton and John Hallacy examine the legacy of Felix Rohatyn, a driving force behind New York City's recovery from near-bankruptcy, and lessons learned from the 1970s crisis.

While there are no major municipal bond sales slated for this week, next week is a different matter.

Retail investors have felt confident in the muni bond space for most of 2019.

While municipal bond volume looks to end the year on a surprisingly high note, muni bond yields unexpectedly hit record lows twice in 2019.

Munis finished above $400 billion for the fourth time since 2010 and the third time in the past four years.

Although there will be no more new issuance in 2019, municipal bond investors can get plenty of returns as seasonal trends should provide opportunities from now through January.

With issuance for 2019 done, investors and money managers look forward to a new year — there is optimism that drivers of muni performance will carry over.

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

The Dormitory Authority of the State of New York priced its $3.39 billion of bonds, most likely the last billion-plus sale of 2019.

The primary municipal market saw fresh paper greeted by bond-craving investors who are looking to put money to work before a new decade dawns.

New York financial leaders remember Felix Rohatyn, who died Saturday, as the driving force behind the city's recovery from near-bankruptcy in the 1970s.

As there are just eight full work days remaining in the year, muni market leaders believe that 2020 will look a lot like 2019 — high volume, increasing taxable issuance and strong demand.

Observers say the deal with the Transport Workers Union could strain the authority's operating and capital budgets.

Citi sees volume growing in 2020 to $440 billion with $95 billion of taxables on tap for next year.

Muni yields rose as more bonds hit the marketplace in the last big supply rush of the week.

The Federal Open Market Committee left rates unchanged and looked likely to keep monetary policy on a steady course for the near term.

"What, me worry?" was the slogan of the muni market on Tuesday as participants forged ahead to price and buy bonds.

Trade worries returned among investors as the Fed meets this week to decide on interest rates.

New York State lawmakers may raise taxes to combat a looming $6.1 billion budget deficit.

If anyone had doubts about the market's ability to digest the largest weekly issuance influx in nearly two years, those can be put to bed now that all the deals have come and gone.