Buy side

President Trump’s broadsides against Mexican immigrants and trade have not triggered rating agency action on border credits, which, in several cases, have seen upgrades.

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

New York MTA retired $945 million of debt from its core portfolio last year through normal amortization, said deputy finance director Olga Chernat.

Muni professionals’ predictions about the economy, volume, demand, and credit spreads panned out, but they were taken off guard by the political roller coaster that roiled the tax-exempt market in 2016.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased one basis point to 4.19% from 4.20% from the previous week.

Green bonds are a tool more issuers use to finance various means of purifying drinking water and buffering against rising seas.

A cybersecurity scare at a public power utility in Vermont has some municipal market participants thinking about how an attack could affect the nation's utility bond issuers.

In the week ended Jan.12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.20% from 4.25% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Kentucky’s credit outlook was revised to negative ahead of an upcoming bond deal, a change S&P Global Ratings said was triggered by the state’s unfunded pension obligations.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.