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Long-term municipal bond issuance for 2012 continues to outpace that of the previous year. But the once-yawning gap year-over-year has narrowed. Issuers floated just 7% more in total volume last month than they did in July 2011. That amounted to $26.6 billion on 836 issues in July 2012, against $24.9 billion on 757 deals over the same period last year.
July 31
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Franchise strength, offset by leverage, is the most important component of Fitch airport ratings, according to a new Fitch Ratings report. The study concludes an 8 month review of Fitch's airport portfolio.
July 30 -
Table as of: 07/27/2012 09:42 AM Invisible Supply Issuer and purpose Amount
July 30 -
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The Triboro Bridge and Tunnel Authority of New York should bring a hefty deal to the municipal marketplace this week. Municipal market volume should climb this week, albeit barely, and from modest levels.
July 29 -
Moody's Investors Service raised its rating one notch to A2 on $160 million of Alexian Brothers Health System's still outstanding after its acquisition by Ascension Health Alliance.
July 27 -
Standard & Poor's and Moody's Investors Service have mixed outlooks on the higher education sector.
July 27
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Puerto Rico's debt load, exceeding $60 billion, and pension liabilities are a challenge to the island's fiscal ability and investors should limit their exposure, cautions Alan Schankel of Janney Capital Markets.
July 27
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U.S. Transportation Secretary Ray LaHood is encouraging states and cities to submit letters of interest for an available $1.7 billion under the Transportation Infrastructure Finance and Innovation Act loan program, which LaHood said could ultimately help leverage $50 billion in transportation investment.
July 27 -
Table as of: 07/26/2012 15:27 PM Invisible Supply Issuer and purpose Amount
July 27 -
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The municipal market continues to gain from an extended rally that has boosted fixed income securities. Investors have embraced bonds as they see volatile equities and want security, if not yield.
July 26
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The tide of investor demand stays high for municipal bond mutual funds. A strong week of record-low muni bond yields on the intermediate and long ends of the curve marked the week ended July 25.
July 26 -
A new Government Accountability Office study examining bus rapid transit concludes that cities with limited funding sources and no major congestion issues may find high-cost features worthwhile only if economic development is a major goal of the bus line.
July 26
