Investments

The state plans to price $190 million of general obligation highway capital improvement bonds.

Fitch placed the A-plus rating on credit watch negative a week after CMEEC announced its own probe into embezzlement allegations.

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

The municipal market saw the first issuance of the week come trickling in as it was finding its footing ahead of a flood of issuance in the next few days.

A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.

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.

Mary Jane Darby, Rob Kanzer and James Still have over 50 years of combined experience in the industry and most recently all worked at Prager & Co. They will be working at the firm’s New York office starting later this month.

Back from the holiday break, the muni market and its investors are ready and waiting for what should be a busy week, with big, well-known names coming to market with sizable issues.

If the Nassau Interim Finance Authority signs off, the county will sell $100 million of debt in December to fund the settlements.

The IRS letter ruling publicly released Friday allows floating private equity to be used for a prohibited use for a tax-exempt bond-financed airport terminal renovation.

Operators of Texas nursing homes will make another attempt to boost reimbursement rates in the 2019 Legislature as the state's "silver tsunami" gains momentum.

As the municipal market prepares for a busy week with big-name issues coming to market, industry analysts are already looking to what 2019 might have in store.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index fell to 4.23% from 4.28% last week.

After a week that offered under $1 billion of deals, the market will look ahead to almost $6 billion of supply.

Chicago Public Schools is selling more than $1 billion of GOs, capital improvement tax bonds, and notes.

After last week's revelations about alleged wrongdoing by CMEEC officers, the issuer has appointed a special committee to oversee its own investigation.

Tom Wolf's full plate includes a projected $1.7 billion deficit, with the state having already used one-time revenue measures such as tobacco and gambling.

Even as stocks turned higher on Wednesday, municipal bonds remained stronger before the Thanksgiving holiday.