Buy side

The evolution of the lawsuit has opened wide the window into high-yield stakes in the municipal industry and laid bare the relationships between broker-dealers and Nuveen.

The unnamed governmental entity is seeking recordings that are the subject of recently unsealed transcripts in Preston Hollow Capital’s defamation and antitrust lawsuit against Nuveen. Meanwhile, additional transcripts between Nuveen and Morgan Stanley/Goldman Sachs are now public.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

Municipal managers and analysts say the new quarter will see less volatility and more opportunity for value and upside potential.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

Submissions are now open for the Bond Buyer’s fourth class of Rising Stars, an honor which showcases the brightest young minds in the municipal bond industry.

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

The court put off a formal ruling for 10 days but made clear it expects to lift the confidentiality seal on bank transcripts with only limited redactions.