Securitization

Investors should be aware that a lower coupon rate could become illiquid if interest rates rise, the Municipal Securities Rulemaking Board said.

New muni and taxable muni issuance was easily absorbed as yields rose off of the record lows they landed last week.

The municipal market has been on a tear in terms of fundamentals and technicals that are driving the market and there isn’t much in the near-term likely to stymie that tone.

Municipal bond buyers will see a $7 billion new-issue calendar ahead.

It was a record day in the market in a couple of different ways, as yields descended further to new record lows on both the 10- and 30-year and the market saw the lowest yield ever for a century bond.

Daryl Clements, portfolio manager at AllianceBernstein, breaks down what trends from 2019 will carry into 2020 and those that might emerge in the new year. Hosted by Aaron Weitzman.

Despite tax-exempts being expensive, strong technicals are likely to extend into February.

Debate over taxables, climate, ESG, possible infrastructure bill hang over 2020.

While issuance is seen rising, not all analysts think it's a smart move to do taxable refundings.

Municipal bond issuers say investors, analysts and regulators should narrow down the information they are looking for in their push for more disclosure.

The muni market strengthened, following treasuries, as yields continued to drop.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

A mixture of taxable and tax-exempt deals priced into a market flush with cash. Muni yields continued to descend, as they moved three basis points lower today.

Large taxable deals fare well while gilt-edged Delaware yields track in line with AAA benchmarks in competitive deal.

After returning north of 7% in 2019, the municipal bond asset class continues to see strong returns so far in 2020.

The two active municipal bond insurers insured $5 billion more in 2019 than they did in 2018 thanks to a surge of issuance in the fourth quarter. Assured Guaranty and Build America Mutual combined for $23.92 billion of insured volume spanning 1,724 transactions and 5.67% penetration rate in 2019. That is up from $18.92 billion in 1,249 deals and 5.58% insured rate in 2018.

Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.

On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

A calm rate outlook, a focus on taxable municipals, and a stable credit outlook are drivers of the current outlook and market convictions for Gary Pollack of Deutsche Bank. John Hallacy hosts.