Securitization

Muni activity is being tempered by this week’s election focus, market sources said.

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

The Virginia College Building Authority competitively sold almost $215 million of tax-exempt and taxable revenue bonds.

A lack of depth in the market is partly to blame for low trading activity, according to one manager.

Municipal supply slacks off this week as bond yields continue to inch higher.

The muni market was weaker again Friday, as yields followed Treasurys higher after government data showed strong job growth.

The muni market continued its recent trend of weakening everyday, while the October labor data was strong, with nonfarm payrolls jumping to 250,000 versus the expected number of 190,000.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, inched up to 4.26% from 4.25% the week before.

The muni market continued to weaken the day after Chicago pulled the biggest deal of the week.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

Such "granny flats" may be the next frontier for PACE financing.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

The busiest day of the week, and a good test for the market, lies ahead.

The defense team accused the SEC of a "gross abuse of power."

The muni market starting saw a steady stream of issuance of Tuesday, preceding a big wave of deals that are expected on Wednesday.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

Nineteen deals on the schedule are $100 million or larger, including the $1.3 billion Chicago securitization transaction.

The municipal bond market is gearing up for what should be a busy week, with a bunch of good sized deals and one mega deal.