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A constructive trading session in the secondary aided a busy primary once again as investors appear to be more engaged in the asset class.
November 8 -
California and Washington sold four large refunding GO deals in the competitive market while several deals of size priced in the negotiated market led by a $650 million for Arizona's Salt River Project. A constructive secondary led yields to fall three to five basis points.
November 7 -
The upgrade brings Illinois up to the A-minus level across the board. The state had three BBB-minus or equivalent ratings as recently as July 2021.
November 7 -
The recent rally is good news for munis, which have "posted a total-negative return loss for three straight months," said Jason Wong, vice president of municipals at AmeriVet Securities.
November 6 -
Attorney General Ken Paxton put several big banks under a review last month, raising concerns more municipal bond underwriters could be driven out of the state.
November 6 -
Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.
November 6 -
Friday's employment report was good news for the Federal Reserve, with fewer jobs created and a smaller rise in earnings, leading analysts to cautiously increase expectations that the hiking cycle is over.
November 3 -
Washington will auction $483 million in two tranches on Tuesday.
November 3 -
Triple-A muni yields fell 10 to 14 basis points while UST saw gains of up to 16bps out long as market participants consider a potential end to Fed rate hikes.
November 2 -
"The big question is: who's next? I don't think UBS is the end," said a veteran sellside market participant.
November 2