News

Municipal bond volume entered the summer doldrums, falling 20.1% in July as refundings plummeted and an increase new-money deals wasn't enough to pick up the slack. July volume fell to $23.39 ...
While the turmoil in the credit markets has scarred many investors, it has also created an opportunity for bond buyers to snap up offerings with healthy yields that eventually could be backed by ...
The effects of COVID-19 have pummeled state and local economies, wreaking havoc on state and municipal governments’ expectations for revenue collections, expenditure levels, fund balances and ...
Mostly it will be the muni bonds sold in 2022 and early 2023, ... Refundings are almost always timely in recessions, but can be premature in the middle of an interest rate cycle.
So what safe investments are there for individuals in Muniland? With more than 50,000 municipal issuers and over 1.5 million CUSIPs, I will share what I believe are the best and safest muni credits.
Lots of lower-bracket investors buy muni bonds through mutual funds, and the TBO option would add demand from non-taxable investors, so an economist can prove mathematically that the subsidy rate ...
Advance refundings, a new version of taxable Build America Bonds, an expansion of bank-qualified bonds and an increase in private activity bond issuance aren’t in the latest bill.
The S&P Municipal Bond Tobacco Index returned 8.40 percent over the past year, compared with just 3.17 percent for the broader high yield index and 1.64 percent for the overall AMT-free national ...
U.S. municipal bond sales totaled $28.2 billion in January, up 55 percent from a year earlier, according to Thomson Reuters data released on Monday.
Municipal bonds sold only to refund existing debt have topped $66 billion so far this year, ... so I’m expecting a lot of refundings,” he said.