Issuers using cash basis accounting pay a yield premium to sell bonds, according to a new paper, and their bonds are less likely to trade in the secondary.
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"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.
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Research from The Bond Buyer finds that political will is the strongest impediment or asset to the growth of P3 activity across the U.S.
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The Maryland Economic Development Corporation and the Internal Revenue Service have reached a resolution in a tax squabble over a bond issuance where proceeds of the sale were not spent within a three-year time window.
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Market Intelligence analyst Jeff Lipton explains why energy prepays have become a popular SMA allocation for yield and diversification, while warning that financial institution counterparty concerns and "guilt-by-association" bank headlines can still trigger episodic spread widening.
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Market Intelligence analyst Jeff Lipton explains why proposals targeting wealth, property, and income taxes matter for municipal credit, and outlines what investors should watch in revenue replacement capacity, reserves, political willingness, and legal security structures.
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Market Intelligence analyst Jeff Lipton distinguishes impairment from default in unenhanced conduit multifamily credits and explains how occupancy declines, covenant breaches and reserve draws can trigger severe price discovery long before a payment miss occurs.
Investors most recently added $2.33 billion to mutual funds for the week ending May 27, bringing positive flows to date to almost $40 billion, according to LSEG Lipper.
A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.
The six-month pre-development agreement is the first step toward a larger public-private partnership to help deliver the struggling bullet train.
S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.
Barbar starts as chief commercial officer in mid-July and will be based in Delray Beach, Florida.
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While fixed-spread tenders may be a novelty for tax-exempt bonds, they have been around for over 40 years for corporate bonds.
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With large language models parsing EMMA filings and investor relations sites, municipal issuers must modernize their disclosure so both humans and algorithms can accurately understand their credit story and avoid unintended red flags.
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Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.
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Introducing The Bond Buyer's newest Muni Hall of Famers who will be honored at an awards dinner in Boston on Sept. 30, 2025.
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"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
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Over nearly 40 years, investment banker Diana Hoadley built a legacy of far-ranging vision and collaboration that left a trail of professional admirers.
"I love solving complicated problems faced by our local governmental clients," Leslie Bacon. "We come up with strategic solutions that have a real impact on our communities."
"The intersection between the public impact and the financial markets is unique and it brings a lot of good people to the same place. I really enjoy being a part of this community," Connor Benoit said.
Roosevelt & Cross president and executive director of public finance Elaine Brennan receives the 2025 Freda Johnson Award for the private sector.
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Investors most recently added $2.33 billion to mutual funds for the week ending May 27, bringing positive flows to date to almost $40 billion, according to LSEG Lipper.
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The Fed is expected to hold steady for the rest of the year as it navigates a renewed inflationary environment, according to the UCLA Anderson Forecast.
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S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.
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The rating agency cited improving financial metrics and the port's importance to the regional economy.
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The muni market is experiencing "some short-term optimism," said Hilltop Securities' Tom Kozlik, but there are still "pressures that could potentially be with us for not just weeks, but months."
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- Primary Market ReportWeeklyRecap of articles on new issuance as well as Featured Deals on the week.
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Gilmore & Bell and Nixon Peabody were new entrants in the top 10, bumping Greenberg Traurig and Bracewell to the top 15.
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ON-DEMAND VIDEOJosé Torres, senior economist at Interactive Brokers, breaks down the FOMC decision and Fed Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOSean Snaith, Director of the Institute for Economic Forecasting at the University of Central Florida, will provide insight into the FOMC meeting.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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