Primary bond market

Wells Fargo will be joint senior manager on a $1.4 billion deal, its first negotiated California deal since State Treasurer Fiona Ma lifted a ban.

Debate over taxables, climate, ESG, possible infrastructure bill hang over 2020.

While issuance is seen rising, not all analysts think it's a smart move to do taxable refundings.

The muni market strengthened, following treasuries, as yields continued to drop.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

The New York City Housing Development Corp. plans to issue $375 million of housing impact bonds, a new category of sustainable development bonds.

A mixture of taxable and tax-exempt deals priced into a market flush with cash. Muni yields continued to descend, as they moved three basis points lower today.

Large taxable deals fare well while gilt-edged Delaware yields track in line with AAA benchmarks in competitive deal.

The high-demand market environment boosted Philadelphia’s first general obligation bond deal of 2020.

After returning north of 7% in 2019, the municipal bond asset class continues to see strong returns so far in 2020.

The top municipal bond counsel saw $265.58 billion of business in the first three quarters of 2019, up from $237.49 billion a year earlier. Orrick Herrington & Sutcliffe LLP once again found itself on top with Hawkins Delafield and Wood gaining some ground.

The two active municipal bond insurers insured $5 billion more in 2019 than they did in 2018 thanks to a surge of issuance in the fourth quarter. Assured Guaranty and Build America Mutual combined for $23.92 billion of insured volume spanning 1,724 transactions and 5.67% penetration rate in 2019. That is up from $18.92 billion in 1,249 deals and 5.58% insured rate in 2018.

The municipal bond market will see a several large hospital corporate CUSIP taxable deals priced this week. Partners HealthCare Mass General, Cottage Health and Hartford HealthCare top a $7 billion calendar. Just what the doctor ordered for supply-starved buyers.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.

Wisconsin's latest and historical financials, ratings, offering statements, and contacts are now available at Wisconsinbonds.com

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

A calm rate outlook, a focus on taxable municipals, and a stable credit outlook are drivers of the current outlook and market convictions for Gary Pollack of Deutsche Bank. John Hallacy hosts.