Washington

Many large schools have already dipped their toes into the taxable bond market, but smaller schools would find it tougher.

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

Blow-back from the sell-side centered on the proposal's potential to drive up infrastructure financing costs and accelerate the departure of smaller firms from the business.

MSRB data shows the extent to which alternative trading systems are used in the muni market.

Mayor Bill de Blasio's advisors worry about the effect of eliminating advance refundings and private activity bonds.

Tax-exempt student loan bonds have saved families $815M over the last 20 years.

Senate Finance Commitee chairman Orrin Hatch's tax proposal will likely be kinder to municipal bonds than the House's bill, but harder on states and localities.

Some House Republicans pledged to work with Democrats to save PABs, advance refundings in tax reform legislation.

The bond proceeds and matching federal funds mean Illinois will pay off $8.5 billion of bills.

Dealers are pleased that the MSRB has expanded the exemption to its CUSIP proposal.