Sell side

Former William Blair banker Peter Raphael joined the firm's public finance team.

Peter DeGroot, Strategist and Head of Municipal Research at JPMorgan, joins us to discuss his views on the municipal market for the second half from both the technical and credit aspects. Hosted by John Hallacy.

Primary municipal bond market volume is expected to inch up to $7.3 billion, as analysts expect the muni market to stay on a path of suppressed supply and deep demand.

Assured Guaranty Ltd., the largest municipal bond insurer, reported gains in second-quarter profit, boosted by share repurchases and lower reserve additions for Puerto Rico losses.

Municipal bond volume ended the month of July down 20% as refundings plummeted.

Primary municipal bond market volume is set to rebound to a more normal level in the coming week, bringing traders a variety of offerings.

The MTA's debt-service backstop mitigates risk, the rating agency says.

The drop in issuance comes despite a decline in yields over the past week that made the market issuer-friendly.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP expanded their business even as muni volume shrank amid political uncertainty.

Bingham's 35-year muni career includes US Bancorp, Société Générale and Wachovia.

A decreased reliance on bonds to finance capital investments has created a need for more municipal market research tools, experts said.

State government April income tax revenue fell 4%, in what may be an early sign of the "Trump Effect" on taxpayer behavior.

The primary municipal bond market will keep chugging along next week, with participants set to see more action than they did in a fast and furious past week.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices rose two basis points to 4.11% from the previous week's 4.09%.

The county’s 25-year, $339 million refunding sold with an all-in, true-interest cost of 3.38%.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.

The county plans to price $344 million of limited obligation refunding warrants, with a new 1% local sales tax supporting debt service.

Chicago Public Schools borrowed $500 million after doubling the size of its GO offering.

Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.

In the week ended July 6, the average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.09% from 4.05% the previous week. The BB40 Index is based on the price of 40 long-term bonds.