Sell side

Joe Torsella said the online tool will help portray long-term drivers of the state’s financial picture.

Low rates in an economic crisis brought a plethora of Southwest municipal bonds to market, and some see a strong second half coming.

A surge in taxable muni volume has overall issuance 18% higher in the first half of 2020.

The housing and transportation sectors had the biggest declines in municipal bond volume.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

The structure in which bonds are backed by a lease of city streets is being used in the Southern California cities of Torrance and West Covina.

The mass transit agency, its finances reeling from the coronavirus, rejected bids from 10 different banks and sold $451 million of notes to the Municipal Liquidity Facility.

Its $125 million taxable social bond follows a $1 billion Ford Foundation deal as part of a multi-foundation pledge in response to the COVID-19 pandemic.

Lauren Sobel, a municipal bond analyst at Bank of America, died in a rock climbing accident in Gardiner, New York.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

Huntington says the Michigan team that came over from Hilltop has experience covering local school districts and governments as well as the state.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii's ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s plans to price $900 million of taxable bonds Wednesday.

Municipal issuers continue to swarm the muni market with taxable muni deals, as July accounted for $42.6 billion — the highest total for the month since at least 1986.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

Major deals that produced record savings have enhanced the firm's credentials among municipal bond senior managers in Texas.