Munis

Municipal bond issuers in the Southeast sold $76.91 billion of bonds in 1,152 issues in 2020, putting volume slightly ahead of 2019, according to Refinitiv data.

Trade volume increased by just 4% compared to 2019 following a volatile year for munis.

Municipal issuers in the Southeast sold $76.9 billion of bonds in 2020; $3.5 billion for Florida's Hurricane Catastrophe Fund was the region's biggest deal.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

Refunding volume swelled in the Midwest by 53% in 2020, driving bond issuance in the Midwest to a 15.8% year-over-year increase, to more than $83.5 billion.

From the use of taxables to forward deliveries, refunding deals drove an overall 15.8% hike in Midwest bond volume that exceeded the national average.

Municipal bond issuers in the Southwest, despite the pandemic — or perhaps in part because of the conditions it created — set a record for annual issuance.

Northeast municipal issuers sold $129.99 billion of debt in 2020 amid the disruption of the COVID-19 pandemic.

Municipal issuers in the Southwest sold $93.5 billion of debt in 2020, a year in which the coronavirus upended the way bond business is done.

While issuance fell significantly from 2020, it was higher than January's and only the fifth time in 35 years that volume exceeded $30 billion in February.

Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.

Taxable deals and refinancings fueled the 2020 volume spike as issuers adjusted to the coronavirus. The pandemic still looms over 2021.

The shift was due mainly to the growth of separately managed accounts and other alternative ways that retail investors get involved in the market.

BATA brings a refunding deal to market next week, buoyed by a financial position that stood up to the stresses of the COVID-19 pandemic.

The deal was the largest in the authority’s history, with the lowest ever interest rate for one of its sales and netting a record-breaking $112 million in interest cost savings.

California treasurer Fiona Ma named Nancee Robles to head the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.

Jonathan Bowles of Center for an Urban Future explores how New York City could benefit from a green public works program. He also calls for unlocking the potential of CUNY and improving the city's capital construction process. Paul Burton hosts (17 minutes).

Disneyland amusement park in Anaheim has been closed since March as California struggled to reduce its COVID-19 numbers.

San Francisco Unified School District's rating was lowered a notch to Aa3 by Moody's Investors Service.

The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.