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An uptick in volume this week will bring a handful of sizable deals to the primary market, but won't be enough to relieve the supply shortage that has prevailed so far in 2014, municipal traders said.
April 6
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While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.
April 4
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Susannah Page, a former director in the municipal research sector at Bank of America Merrill Lynch, has joined Roosevelt & Cross Inc.
April 4
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Bankruptcy Judge Steven Rhodes, who is overseeing Detroit's bankruptcy, will rule next week on a critical interest-rate swaps settlement after an all-day hearing Thursday that centered on the legality of the lien backing the derivatives.
April 4
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Municipal funds reported outflows for the second week in a row after six-straight weeks of inflows.
April 3 -
Rep. Paul Ryan's proposed fiscal 2015 budget "takes a bipartisan jackhammer" to transportation funding, said Rep. Nick Rahall, the top Democrat on the House Transportation & Infrastructure Committee.
April 3
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Detroit's revised debt plan, which proposes even lower recoveries for bondholders, is a harsh reminder that even bonds with strong security pledges will suffer when economic conditions are too bad, Moody's Investors Service said in a comment titled "Detroit Turns the Screw."
April 3 -
Tax-exempt money market funds had outflows of another $1.48 billion as total net assets dipped to $268.81 billion in the week ended March 31.
April 3
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Detroit can move forward with a controversial $120 million loan with Barclays, the federal judge overseeing the city's bankruptcy case said Wednesday.
April 2
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Bondholder recoveries would tumble another 5% under an updated plan of debt adjustment that Detroit filed with the bankruptcy court Monday evening.
April 1
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