Public finance

Moody's Investors Service announced Wednesday that it has changed its outlook for the airport sector to stable from negative, where it had been since August 2008.

CALIFORNIA

ALABAMA

With low interest rates, stagnant supply, and anticipated regulations, the market for variable rate demand obligations is in decline.

Scales tracking the municipal market may forecast lower yields across most of the spectrum of the curve Tuesday, but the scene for retail investors is a quiet one.

Moody's Investors Service has placed $354 million of outstanding debt from 40 issuers on review, direction uncertain, due to lack of information.

The long-term care credit market has stabilized, writes Jon Barasch of Interactive Data Corp. in this commentary.

Municipal bond yields, true to their habit of following Treasury yields with a noticeable lag, have started Tuesday lower, bestowing upon the market a stronger tenor.

ARKANSAS

CALIFORNIA

The sequestration cuts scheduled to take effect March 1 could throw the muni market into uncertainty and slam the air transport sector, according to market groups and public officials.

The range of risks facing the higher education sector could lead to uneven credit performance in 2013, according to Standard & Poor's.

The tax exemption on municipal bond interest will not survive tax reform efforts in Washington, D.C., without a grass-roots effort from issuers, according to market experts at the fifth National Municipal Bond Summit.

Short and selective. That is the fixed-income philosophy that Guy LeBas, director of fixed income strategy at Janney Montgomery Scott, is putting increased focus on in 2013 because of the predominance of interest-rate risk in the market.

Municipal bond investors have watched credit spreads in the market narrow considerably over the past three years. And they aren't expected to reverse course anytime over the next 12 months.

A leaden and lackluster municipal market shuffled into the afternoon Monday. While the retail order periods for some of the week's issuance seep in, market participants, particularly institutions, have been holding their fire in the secondary in anticipation of larger offers to come, giving the market a ponderous tone.

Chicago received 16 responses in its first market outreach to identify prospective bidders in a possible deal to privatize Midway International Airport, according to the city's chief financial officer Lois Scott.

The Virginia General Assembly gave final approval on Saturday to legislation that is projected to raise more than $800 million for transportation over the next five years.

The municipal bond market adopted a weaker tone beyond the front end of the curve out of the gate Monday.

Table as of: 02/22/2013 16:49 PM Invisible Supply Issuer and purpose Amount