Investments

An IRS opinion that the existing bonds are tax-exempt is key to the exchange offer.

Municipal bond industry groups have been clamoring for advance refundings to be reintroduced as well as an expansion of PABs and direct-pay bonds.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner on Thursday night in Manhattan. Money raised at the dinner is used to support the Urban Leadership Fellows internship program.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

Amid the gadgets on display at the Smart Cities NYC conference, some local and regional officials spoke more pragmatically about making tech work.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner on Thursday night in Manhattan. Money raised at the dinner is used to support the Urban Leadership Fellows internship program.

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

By reducing debt service expenses with advance refundings, issuers were able to free up borrowing capacity for new investments.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped to 3.75% from 3.78% the week before.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Some municipal market observes hope the mayor's run won't take attention away from the city's $92.5 billion budget.

Attention in the municipal market turned to the short-term sector on Thursday.

New York City Mayor Bill de Blasio with his wife Chirlane McCray by his side speaks to the press in lower Manhattan on Thursday.

Long-term leases with container shipping tenants protect ports in the short to medium term should trade decline.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

The delay of $220 million of pension savings is the latest "upsetting piece of news for bondholders."

It's time for municipalities to rethink the way they're spending on water infrastructure, experts said this week.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Bob Bennett, former chief innovative officer for Kansas City, Mo., talks about his new firm and tech trends. Paul Burton hosts from the Smart Cities NYC conference.

Billions in new paper came and went just as quickly, with yields dropping from preliminary to final pricing for most of the bigger transactions.