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Municipal bond volume is running 18.1% lower than last year’s historic level, in line with analyst expectations given the enormous impact the new tax legislation has had on the market.
August 20
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Municipalities had less need for borrowing to bridge gaps in cash flow and therefore curtailed their issuance of notes
August 20
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Issuance in these sectors all plummeted by 50% or more in the first half of 2018 in what was generally a weak first half for overall municipal issuance.
August 20
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The par amount of insured debt decreased in the first half of 2017 but the percentage of bonds issued that carry insurance climbed.
August 20
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Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.
August 17
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A state-by-state review of 2017 municipal bond issuance issuance in the Far West.
March 2 -
New money sales made up for a drop in refundings, pushing the region past $95 billion of volume.
March 1
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A state-by-state review of 2017 issuance in the Southeast.
March 1 -
Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.
February 28
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A state-by-state review of 2017 municipal bond issuance issuance in the Midwest.
February 28 -
Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.
February 27
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A state-by-state review of 2017 issuance in the Southwest.
February 27 -
Municipal bond volume across the eight-state Southwest region in 2017 fell 9% below its 2016 record.
February 26
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A state-by-state review of 2017 issuance in the Northeast.
February 26 -
Municipal bond volume remains on mountaintop
February 26 -
A fear of the end of private activity bond tax-exemption led some sector issuance to surge in 2017.
February 26
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Even though interest rates have not risen as fast as the bond insurance industry hoped for, and 2017 saw the contraction of an active insurer, the bond insurance wrap remains relatively stable in terms of market share.
February 26 -
Volume of $48.05 billion indicated a strong short-term need on both the buy-side and sell side of the municipal market.
February 26
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Long-term issuance in the municipal market virtually matched its record high set in 2016, against the backdrop of tax reform that produced an end-of-year flood of volume, but the outlook for 2018 is less rosy.
February 26
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Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.
February 23
