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Oppenheimer is set to return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.
By Kate SmithSeptember 9 -
After picking up intense interest this morning, the Niagara Tobacco deal terminated its order period after just 18 minutes, leading the market to believe the already "expensive" yields will be reduced further in a repricing this afternoon.
By Kate SmithSeptember 9 -
Municipal bonds buyers will be waiting for Wednesday for activity in the primary and secondary to pick up as a bulk of the week's deals are scheduled to price.
By Kate SmithSeptember 9 -
California paper, ranging from state general obligation bonds to local school districts, dominated the secondary trading. Trading believed the popularity to be driven from a light primary, where institutional investors were limited and retail was the predominate player.
By Kate SmithSeptember 8 -
Oppenheimer squared off against the Rhode Island Tobacco Settlement Financing Corp. at a state court hearing Monday as the fund company sought to block a $593 million tobacco bond refunding sale originally slated for early August.
By Kate SmithSeptember 8 -
The recently issued Texas tax ancipation revenue notes strengthened in secondary trading throughout the week, demonstrating the markets insatiable appetite for protection against rising interest rates.
By Kate SmithAugust 29 -
Traders are hopeful that Wednesday's strong market will spark municipal scales to follow the Treasury rally. Detroit's Water and Sewer Department deal was one of a handful of large deals to price in Wednesday's primary market.
By Kate SmithAugust 27 -
Traders found value in the state of Maryland's intermediate duration maturities during trading Wednesday morning amid heavy interest in the short end of the curve as evidenced through Tuesday's $5.4 billion Texas note deal.
By Kate SmithAugust 27 -
The not-for-profit healthcare sector's operating revenue growth hit an all-time low last year as a national shift toward outpatient and preventative care led to a decline in in-patient visits, according to a report from Moody's Investors Service.
By Kate SmithAugust 27 -
Investors will probably pile into the $5.4 billion short-term Texas deal on Tuesday thanks to a light primary calendar and the looming threat of rising interest rates.
By Kate SmithAugust 26