Taxable bonds

The corporate bond business appears to enjoy greater liquidity than tax-exempts, said Lee Deviney, executive director of the Texas Public Finance Authority.

Supply-starved investors flocked to the St. Louis-based private university's taxable deal, which was upsized to $450 million from $300 million.

Schools in 39 states had closed by Wednesday.

GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.

Wisconsin's capital finance director says the market offers savings on state bonds he never thought would be refunding candidates.

With increasing frequency, taxables are issued with a 10-year par call and as will become clear, they are a good deal for the investors.

With major projects in its future, Dallas Area Rapid Transit is making the most of record low rates in a $260 million bond sale.

With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.

Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.

Municipal market technicals were already driving performance and so the strong quality bid has deepened the rally across the curve as the asset class really didn’t need to grab the U.S. Treasuries coattails all that tightly.

Issuers of all sizes are taking advantage of the expanding taxable investor base — from institutions to international to SMAs — as the muni market evolves.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

For the third time in four years, long-term municipal bond volume has surpassed the $400 billion mark — this time thanks to a second half surge in taxable issuance that took the market by storm.

Bond yields keep grinding lower ahead of the largest issuance week of 2020, clocking in at $13 billion.

BlackRock's Sean Carney discusses the new era of challenges for muniland, including climate change and cyber security. He also opines about the growing trend of taxable issuance. Aaron Weitzman hosts.

The Community Preservation Corp. says its inaugural sustainability offering is the single largest bond sale by a community development financial institution.

Investors will see less-common names, higher-quality new issues in $8.3B week.

Municipal investors should go long as the short end is expensive, strategists say.

The muni market was weaker again on Wednesday with yields on the rise, yet that did not slow down the primary. It did not matter if it was tax-exempt or taxable — they were gone in a flash.