Sell side

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.

Siebert Cisneros Shank & Co. hired industry veterans Levi Davis and Ron Morrison as managing directors in its Dallas office.

Though monthly issuance improved to $27.46 billion, the most this year, it remained 22% below the May 2018 level.

Mayor Lori Lightfoot called on Edward Burke, the former finance committee chair, to resign from city council after new federal corruption indictments.

Scott Waguespack will chair the committee that vets city bond deals and other financial transactions.

Owners of two firms will join Hilltop Securites as managing directors, the firm said.

In the week ended May 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.75% the previous week.

The Connecticut Housing Finance Authority became the first housing entity to use the Secured Overnight Financing Rate when it issued $100 million of variable-rate bonds.

Kyle Javes will fill a new post at Piper Jaffray as the firm seeks to expand in specialty sectors.