Securitization

Deals from Texas and Virginia led the slate of new issues that hit the market on Tuesday.

MarketAxess Holdings will buy LiquidityEdge for $150 million.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

Issuers and buyers will both be watching the direction bond yields take this week.

After effortlessly taking down $13.2 billion of bonds this past week, muni buyers will see another above-average issuance week with $7.6B.

The market picked up right where it left off on Wednesday — with unwavering demand from investors.

The bond market had no problems whatsoever digesting the primary and in the process saw yields drop down ever lower, getting ever closer to all-time lows.

The municipal bond market started to see supply come in, as a bunch of deals priced both on the negotiated and competitive sides. Today’s issuance was an appetizer for Wednesday, the main course that looks like it will be the busiest day of the year.

Municipal bond investors are eagerly awaiting the biggest supply week of the year, as strong technicals will continue for the foreseeable future.

The wait is over. After seven months without seeing one week of double digit issuance, municipal bond investors will finally get a supply surge.

Municipal and Treasury markets rallied one day after the Fed cut interest rates by 25 basis points and after President Trump declared more tariffs on China — all of which caused the 10-year Treasury to dip below 1.90%.

Morgan Stanley Wealth Management's Matthew Gastall, executive director, and Monica Guerra, vice president, share their views on strong muni demand. They discuss taxable equivalent yields and some pickup in credit impairments. John Hallacy hosts.

The municipal market got what it expected, when the FOMC announced its decision to lower rates.

The complaint filed by Philadelphia and Baltimore fails to rise to the level of specificity needed to prove conspiracy, Wall Street banks told a federal judge.

The municipal market saw a a flurry of deals come and go on the day before the Federal Reserve will presumably cut interest rates.

All markets and investors are waiting to see how much the Fed will cut interest rates on Wednesday. Will it be 25 basis points or 50?

As July winds down, muni issuance will be muffled thanks to the FOMC's monetary policy meeting.

Connecticut on Thursday sold its first bond offering since it passed a budget last month.

Municipal bond buyers saw more supply come to market in Wednesday as retail investors kept up their confidence in tax-free bond funds.

The suit is "a policy paper masquerading as a complaint," the state says, but it may still push up Illinois' borrowing costs while it is active.