Public finance

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.

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

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.

As stocks continued to plunge, municipal bonds remained stronger along with Treasurys.

One Puerto Rico Oversight Board member said that approving the COFINA deal was the board's safest choice.

Once a high-profile story of fiscal mismanagement, D.C. is now providing an example other large cities are exploring for themselves.