Securitization

Bill Carabasi has 37 years of sales and trading experience in the fixed income and municipal bond markets.

The municipal bond market started off the week adopting a cautious tone, eyeing issuance and world events.

Municipal bond buyers have plenty of cash in hand and will have various options as to where to put that money to work.

Municipals look to be well positioned entering 2020 against a strong backdrop of market technicals and stable credit outlook.

The muni market finished out the last day of 2019 on a quiet note, with no deals priced and yields ending little changed.

While there are no major municipal bond sales slated for this week, next week is a different matter.

Retail investors have felt confident in the muni bond space for most of 2019.

While municipal bond volume looks to end the year on a surprisingly high note, muni bond yields unexpectedly hit record lows twice in 2019.

Gary Hall of Siebert Williams Shank talks with Chip Barnett about the recent merger which created the largest minority- and women-owned investment bank in the U.S. He looks back at his time at the MSRB and looks ahead to what the market may see in 2020.

Munis finished above $400 billion for the fourth time since 2010 and the third time in the past four years.

Although there will be no more new issuance in 2019, municipal bond investors can get plenty of returns as seasonal trends should provide opportunities from now through January.

With issuance for 2019 done, investors and money managers look forward to a new year — there is optimism that drivers of muni performance will carry over.

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

Issuers, bond lawyers, and analysts have all raised complaints about the proposed addition to EMMA.

The Dormitory Authority of the State of New York priced its $3.39 billion of bonds, most likely the last billion-plus sale of 2019.

The primary municipal market saw fresh paper greeted by bond-craving investors who are looking to put money to work before a new decade dawns.

As there are just eight full work days remaining in the year, muni market leaders believe that 2020 will look a lot like 2019 — high volume, increasing taxable issuance and strong demand.

The National Federation of Municipal Analysts has consistently called for steps to reduce investors' reliance on stale financial information.

Citi sees volume growing in 2020 to $440 billion with $95 billion of taxables on tap for next year.

Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.