Munis

The action in the municipal market won't slow down yet, as bond hungry money managers will get a third week in a row of issuance greater than $11 billion.

Though enforcement cases slightly decreased this past year, lawyers say the Securities and Exchange Commission is just as aggressive as ever.

Longtime IRS employee Allyson Belsome will serve as senior manager for the office of Tax Exempt Bonds.

“The channel doesn’t matter in terms of responsibility for the information,” said SEC Chairman Jay Clayton.

Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

David Hammer, vice president and head of municipal bond portfolio management at PIMCO, discusses munis' historic year in terms of performance and inflows and breaks down what makes muni so attractive. This podcast, recorded in September, is hosted by Aaron Weitzman.

Cross, who served as associate tax legislative counsel at the Office of Tax Policy until Friday, said that he resigned in order to be closer to family.

If the proposal is approved, the timing of issuers' annual financial disclosures would be prominently displayed as soon as the beginning of 2020.

Major banks accused of manipulating the variable-rate market are seeking to get the court to toss out the second amended whistleblower complaint filed by municipal advisor Johan Rosenberg.

Iowa accounted for $16 million of the approximately $36.1 million in aggie bonds issued in 2017, according to a recent survey by the Council of Development Finance Agencies.

Fitch Ratings cut the Philadelphia-based Catholic university to BBB-minus, with a negative outlook.

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

The Ann Arbor, Michigan, schools persuaded voters that waiting would be more expensive, while pitching greener buildings in an education-driven community.

The changes will slim down underwriters' disclosures to issuers, which many believed had become too lengthy and wordy to be useful.

The port saw a 19.1% year-over-year drop in port container traffic in October amid the trade war with China.

Moody's Investors Service raised its outlook from negative and affirmed its B1 rating.

A day after a big correction, the White House sent mixed signals on Friday setting up a possible flight-to-quality for munis next week.

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

Some of the largest school districts in Texas are coping with falling enrollment amid growing bond programs.

The number of trades decreased about 16% to 2.01 million from the same quarter in 2018.