Special Program Root Tag

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

Buyers of municipal bonds will see a sale this week that offers some high yields in return for taking on some additional risk not usually associated with typical deals. California’s Golden State Tobacco Securitization Corp. is issuing a $1.7 billion tobacco bond deal consisting of serials and turbo terms.

The Federal Reserve is expected to raise the fed funds rate target by 25 basis points. Will this lead to more volume?

Municipal bond buyers will see a potpourri of offerings hit the screens this week, with infrastructure deals ranging from airports to gas works to ports.

While volume will be under $4 billion, strong demand should continue as the muni market is sound technically and investors are flush with cash. Investors are feeling bullish.

Coming off the primary market's most robust week of issuance this year, investors will see more than $6 billion hit the calendars this week – with almost a third of that issuance coming from one well-known California issuer.

This week the municipal bond market is getting what it wants — and what it needs — more supply. Almost $10 billion of new deals are on tap in a calendar that will have something for almost everybody.

While low volume is frustrating for investors, scarcity is driving demand as buyers have realized they cannot wait for something that will not come. Although this week lacks a large deal, it is full of medium sized deals from a variety of issuers.

The Federal Open Market Committee meets this week, which means a light primary market calendar of $4.3 billion. With year-over-year core PCE seen at or near 2%, its statement will acknowledge rising inflation.

A $1.4 billion sale from New York Transportation Development Corp., for Delta’s redevelopment at LaGuardia Airport is the bellwether deal of a near $8 billion week of new issuance. This will mark the first time in six years that Delta has issued in the tax exempt market and will be the second largest airline special facility bond ever completed in the municipal market.

The 2017 top municipal bond issuer is bringing yet another two-billion dollar deal to market, this time around however California will be selling taxable bonds. The new tax legislation leaves the Golden State few options to refinance the 2009 bonds, but the taxable route should have the way for buyers overseas.

Clark County, Nev.’s $648 million Las Vegas stadium bond deal for the NFL’s Raiders is the first since Congress toyed with the idea last year of eliminating the tax-exemption for sports facilities.

The Tobacco Settlement Corp. is coming to market with over $3 billion of municipal bonds in a refunding deal that takes out all of the securities issued back in 2007.

Which industries have the highest prevalence of unwanted sexual conduct in the workplace? Will the #MeToo movement have a lasting impact? Key findings from a SourceMedia survey.

It’s tough enough to grapple with sexual harassment in the workplace. It’s more complex when clients are involved.

Optimism that the #MeToo movement will have a positive influence is high among bankers who participated in a recent survey on sexual harassment. But there is also concern that it could lead to gender discrimination in hiring and mentoring.

The Constitution State is bringing the largest negotiated deal to a supply starved market this week — although the state is faced with fiscal challenges, it hopes the big sale satisfies investors, during a time when munis are attractive but supply is scarce.

The Federal Open Market Committee meets this week, and while a rate hike is widely expected, and priced in, the municipal market will look to the Summary of Economic Projections for the future path of rates.

An industrywide study of the impact and implications of sexual harassment reveals striking implications for the modern workplace and a path forward.

An unprecedented, industrywide survey of sexual harassment in the professional workplace reveals industries with the highest prevalence of unwanted sexual behavior, the differences between large and small companies, and blind spots that may be preventing corrections. Fortunately, the data also lights a path forward.