Corporate finance

Strategists adjust their municipal holdings on signs the worst may be over after a difficult 2018.

Peter Hayes, head of municipals at BlackRock, says liquidity is sound and muni funds can cope with outflows. He says that among the larger factors in their daily decision-making is the status of an issuers’ pension and OPEB liabilities along with bond structure. John Hallacy is host.

With municipal yields rising more than they have in years, investors see a rare opportunity for fourth-quarter tax swaps.

The amount of outstanding variable rate demand bonds rose to $142.4 billion in the second quarter of this year, a gain over $142.2 billion in the first quarter and the end of a decade-long decline, Moody’s Investor Service said in a recent report.

Changes the Federal Reserve Board made in 2016 to its Liquidity Coverage Ratio rules would treat munis more restrictively than other, similar Level 2B high quality liquid assets.

An MSRB study gauges the effect exchange-traded funds may have on muni market liquidity, a key question in the minds of some regulators.

The web-based, shared content trading muni platform is adding new features and launching ETF and corporate bond software

Assured said its fourth-quarter profit fell on lower earnings from bond refunding and a one-time effect of the new tax law, even as the company's share value surged to record levels.

The Reno County Commission indicated Tuesday it would explore possible changes to its policy for issuing industrial revenue bonds.

Despite the aftermath of Hurricane Harvey, Texas's November sales tax revenue soared 11% to a record $2.78 billion.