Sell side

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.

The firm tapped veteran Phong Pham to head the new office in the western part of the state.

A trader said lack of follow-through on long new issues continued to plague the market as the weekly calendar shrank to $5B of issuance.

Hilltop Securities, the Southwest region's top financial advisor, is hiring and restructuring management two years after a difficult merger with Southwest Securities.

They include the return of Sarah Sanders as assistant treasurer for debt management, a position she held from 2007 to 2017.

Municipal bond underwriters suffered from muted issuance under the new tax laws, as Bank of America Merrill Lynch remained on top of the year-end rankings.

Market veteran Horace Carter will co-head Raymond James’ fixed income capital markets division along with Kevin Giddis.

Issuance in Texas during 2018 was down 23% from 2017, reflecting a national slump that followed federal tax law changes that ended advance refundings.

Tim Schaefer will remain California's deputy director of public finance under Fiona Ma.

In the week ended Jan. 10, 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 4.08% from 4.07% last week.