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Data for the second quarter show the face amount of munis outstanding rose 0.4% quarter-over-quarter, or $15.5 billion, to $4.043 trillion.
September 26 -
The district plans an aggressive capital program in the next few years to meet rising demand and transition away from coal-fired plants.
September 26 -
"People are just kind of sitting on their hands and being careful because MMD is raising yields every day and people don't know which way this is heading," said John Farawell of Roosevelt & Cross.
September 25 -
The rating agency removed the negative outlook it had assigned after the community college district's accreditation was threatened.
September 25 -
The Texas Water Development Board leads the new-issue calendar with $1 billion of revenue bonds.
September 22 -
The general bias toward muni rates is that they would be a bit higher with technicals "being a little less supportive than they were in August, plus what we heard with from the Fed 'higher for longer,' and potentially another hike," said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.
September 21 -
Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.
September 21 -
As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.
September 20 -
Fund flows "should be moving along a more positive trajectory, but they have yet to do so with munis unable to break free of the Treasury market's tight grip," Oppenheimer's Jeff Lipton said.
September 19 -
Moody's also affirmed the A3 rating on the MTA's $20.6 billion of transportation revenue bonds.
September 19