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In secondary trading municipals ended weaker after a strong employment report.
June 5
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The chapter had financial difficulty before the pandemic and wanted to refinance its debt.
June 4
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Sales tax collections fell 13.2% compared to the same month last year, the steepest decline since January 2010
June 2
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Cities and counties of fewer than 500,000 are seeing a fraction of the reimbursements for coronavirus spending that their larger counterparts received.
June 1
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Bond volume was 4.2% lower than it was a year ago but increased from March and April’s low totals.
May 29
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Even with the news that New York City is looking to potentially borrow $7B through its Transitional Finance Authority as it faces $9B in lower revenues, the market didn’t blink and TFAs traded firmer.
May 27
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Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.
May 26
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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.
May 26
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The primary supply for the holiday-shortened week is projected to dip to just over $4 billion, with a mix of tax-exempt and taxable issuance led by Colorado’s $500 million of certificates of participation.
May 22
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Denver International Airport plans to apply up to $560 million of existing bond funds to accelerate a gate construction project.
May 22
