Public finance

SIFMA and BDA responded to the MSRB's request for comment on muni indices and benchmarks, and transparency was a major theme.

Wednesday’s municipal market was firm and over $1.3 billion bid lists were circulating, according to a New York trader.

Growth in "eds and meds" has bolstered the Rhode Island capital, the rating agency said in a comparison with New Jersey's capital.

The deal clears one legal obstacle to the upcoming issuance of PABs, although two other challengers plan to pursue a federal lawsuit.

The transaction will restructure about $4 billion of Government Development Bank debt.

Brock, the deputy director of the state's retirement system, will succeed Patrick Marr, who is moving to the private sector.

Rep. Rob Bishop wants a simple up or down vote on statehood.

Deals for retail and institutions priced into a stronger market, paving the way for bigger issuance as the week progresses.

Both S&P Global Ratings and Fitch Ratings dropped the New York suburban county to AA-plus from AAA.

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

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.

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.

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.

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