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Taking advantage of low rates, the state's School Bond Authority is selling the largest bond issue in its history to refund outstanding debt.
February 8
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The January employment report headline number disappointed while stimulus news lifted equities and U.S. Treasuries rose on both counts. Municipals ignored those moves ahead of another week of less-than-ample supply.
February 5
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The Motor City's spread penalties were reduced by more than half compared to its previous sale in October in a deal that was oversubscribed by 20 times.
February 5
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No ruling was issued and the judges' sympathies could not be easily deciphered.
February 5
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No rate hikes in sight as employment continues to struggle and inflation should rise this year, but not enough to force the Fed to raise rates.
February 4
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Joe Geraci, who spent 24 years at Citi, most recently as co-head of the Global Spread Products division, will join investment advisor Old Orchard Capital.
February 4
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The city's newest budget forecast says revenues in the current fiscal year will fall short of projections by $86 million.
February 4
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Lumesis' president, COO and co-founder Tim Stevens talks about how AI complements the company’s pricing and scales software to predict the shape of a deal-specific municipal yield curve based on the structural and credit-characteristics and to use that predicted shape to fill-in portions of a yield curve that cannot be built from traditional means. Lynne Funk hosts. (35 minutes).
February 4
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The Puerto Rico Oversight Board has previously said there would be significant spending cuts in the the coming fiscal year.
February 3
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ICI reports a third week of $3-plus billion of inflows. Couponing is becoming as much a factor in inquiry as credit and issuers move to lower coupons in both competitive and negotiated deals.
February 3
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Joliet will finance new infrastructure with a mix of revenue borrowing and state and federal loans in an agreement that will bring Chicago $30 million annually.
February 3
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Police agreed to defer raises in exchange for $70 million in overtime for three years and no layoffs.
February 3
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The $136 million refunding is also backed by the state's appropriation pledge; a political dispute over how to handle unclaimed property was resolved last year.
February 3
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Rich ratios focus buyers' eyes on a primary market that simply doesn't have enough supply to keep up with demand.
February 2
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Sixteen investment funds are making an argument on Employees Retirement System bonds that could be widened to other Puerto Rico bonds.
February 2
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High-yield continues to be sought after as high-grade paper is yielding about 0.70% in 10 years and 1.40% or lower in 30 years and credit spreads continue to tighten in nearly every sector. Ratios are near 20-year record lows.
February 1
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Acacia and Estrada grew substantially.
February 1
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McCall Parkhurst & Horton and Norton Rose Fulbright moved up in 2020 to second and third.
February 1
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The coronavirus emergency spending bill enacted by Congress in December included a provision enhancing the Low-Income Housing Tax Credit so it’s a true 4%.
February 1
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This year's pension debt volume could match that of 2020, which was the highest since the financial crisis year of 2008, industry leaders say.
February 1
