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Municipal market participants are looking forward to the first new institutional issuance of the week, as two big names from New York State are expected to hit the market.
February 7
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New language designed to protect investors appeared in the offering documents of a recent municipal bond deal.
February 7
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Money Market Funds underwent a huge reform at the end of 2016, increasing liquidity and transparency to better attract investors. Colleen Meehan, director of municipal money market fund strategies for BNY Mellon cash investment strategies, talks about supply/demand imbalance with variable rate demand notes and where there are opportunities for investors. Hosted by Aaron Weitzman.
February 7 -
Feb. 7, 2017 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA-/NR 0.95 1.72 2.53 3.32 Arkansas Aa1/AA/NR 0.93 1.68 2.46 3.24 Colorado Aa1/AA/NR 0.93 1.71 2.52 3.31 Kansas Aa2/AA/NR 0.93 1.72 2.55 3.33 New Mexico Aa1/AA/NR 0.92 1.65 2.43 3.21 Oklahoma Aa2/AA+/AA+ 0.94 1.76 2.55 3.33 Texas Aaa/AAA/AAA 0.91 1.68 2.52 3.31 Utah Aaa/AAA/AAA 0.9 1.6 2.33 3.09
February 7 -
2/6/2017 1/30/2017 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 4 $142,195 3 $132,245 $9,950 Arkansas 0 0 0 0 0 Colorado 6 151,745 3 333,540 -181,795 Kansas 5 20,175 8 121,490 -101,315 New Mexico 0 0 0 0 0 Oklahoma 5 75,920 9 552,375 -476,455 Texas 39 425,785 29 909,395 -483,610 Utah 7 1,083,035 3 54,050 1,028,985
February 7 - Competitive Note Sales
Tuesday, February 7 Issuer St Description Amount
February 7 -
Tuesday, February 7 Issuer St Description Amount
February 7 - Negotiated Bond Sales
Week Of February 6 Issuer St Description Amount
February 7 -
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- Puerto Rico
Puerto Rico Gov. Ricardo Rosselló signed into law a bill for a June referendum on Puerto Ricos political status.
February 6 -
Top-rated municipal bonds finished stronger on Monday, according to traders, as yields as dropped by as many as four basis points in some maturities. Market participants are set to see a heftier new issue slate this week as total volume is estimated at $7.49 billion, comprised of $6.13 billion of negotiated deals and $1.36 billion of competitive sales.
February 6
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Citigroup Global Markets, Inc. has agreed to pay a $250,000 fine after the Financial Industry Regulatory Authority found rule violations including the failure to report accurate interest rate reset information for 251,507 variable rate demand obligation securities.
February 6 -
Photos from the third-annual event, held Jan. 31 at the Metropolitan Club in Manhattan.
February 6
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Newly issued Treasury securities held in stripped form increased about $6.077 billion in January to a total of $239.943 billion, the Bureau of the Public Debt reported Monday.
February 6 - Michigan
Threatened school closures in several Michigan school districts are a credit negative, according to Moodys Investors Service.
February 6 -
St. Louis is hoping the courts will allow voters to decide this spring tax increase proposals to fund a light-rail expansion and other projects and to cover the citys contribution for a new professional soccer stadium.
February 6 - Illinois
Illinois faces junk ratings without a solution to the states 19-month-old budget stalemate, Senate President John Cullerton warned in a speech.
February 6
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DALLAS President Trumps infrastructure proposals reliance on public-private partnerships to rebuild Americas crumbling highways would provide limited benefits to urban areas while leaving rural states out of the mix, according to a coalition of truckers and shippers opposed to tolls on interstate highways.
February 6
