Securitization

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

The Chicago Public Schools also came to market with a $349 million GO deal.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

California's $2.4 billion GO deal was priced for retail investors on Wednesday.

A pre-marketing scale was released on California's $2.3 billion GO deal.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

The market will see $7.6 billion of bonds plus a $1 billion note sale coming up in a holiday-shortened week.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

Many market participants were already planning their getaways before the unofficial end of summer hits next Monday.

Lynn Martin, President and COO of ICE Data Services, talks with Chip Barnett about ICE's acquisitions and expansion, and discusses transparency and liquidity in the municipal bond market and the firm's introduction of a real-time AAA muni curve.

NYC to continue Wells' muni underwriting ban as Fed's Powell opines on the firm's woes.

Deals from Atlanta, Massachusetts, Ohio and Miami-Dade County led Tuesday's primary activity.

Massachusetts taxable deal hits $858 million.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.

Houston issued bonds in the negotiated sector, while Long Beach competitively sold two issues.

The municipal team at PIMCO see several areas of opportunity for muni investors in the second half of 2019.

After a wild and crazy week that saw the yield curve invert for the first time in 12 years, recession talk, and record lows for muni yields — there was a much calmer tone on Friday.

The municipal bond market took a breather on Thursday as the last of the week’s larger deals came and went.

Municipal bonds continued their rally on Wednesday, and pushed tax-free yields to their lowest levels ever.