News and Information from Bond Buyer

RBC Capital Markets hired Carlos Pineiro from Goldman Sachs, as a Managing Director in Chicago.

The municipal bond market is facing $100 billion of municipal bond redemptions and implied reinvestments.

Analysts say the state's rainy day fund would evaporate quickly if economic conditions take a turn for the worse.

City officials say their citizens' buy-in will lead them to success in a sector where other municipalities struggled in competition with corporate providers.

The Public Buildings Renewal Act would authorize $5 billion in private activity bonds for the construction or rehabilitation government-owned buildings.

Joseph Rosenblum said he wore many hats, sometimes acting as financial analyst, political scientist, attorney, or investigator.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

State Treasurer Joe Torsella says bolstering private-sector retirement savings now will reduce pressure on social services spending later.

The overall economy grew for the 119th straight time.

Puerto Rico governor signs measure for shift to renewable energy.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.

The Illinois Finance Authority takes retail orders Tuesday on the $450 million SRF deal before pricing Wednesday.

After two months of gains from 2018 levels, municipal issuance sank 7% from March last year as the loss of advance refundings continues to take a toll.

Former college official Keith Borge was charged Thursday with defrauding municipal securities investors and concealing the school’s crumbling finances.

The yield curve inverting doesn’t scare Federal Reserve Vice Chair for Supervision Randal Quarles, he said, and he doesn’t see it predicting a recession.

The massive New Jersey and New York agency announced a new underwriting pool for its plans to issue $8 billion of bonds over the next three years.

Mike Alagna, head of product strategy for municipal data at Bloomberg, said in a market environment of shrinking margins and everyone being asked to do more with less, technology has saved the day for munis.

In the week ended March 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.96% the previous week.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

Connecticut’s GOs hit the market on Thursday as municipal buyers snapped up the last of the week’s sizeable deals.