Three-quarters of the way through the year, municipal bond volume has risen 3.1% compared to the same period in 2020. So far in 2021, issuers have totaled $340.99 billion in 9,082 transactions that compares to $330.71 billion in 8,577 deals in the first nine months of 2020.
The state of California once again finds itself on top but the top 10 features seven New York issuers.
The agencies cited the authority's strong performance and position.
The $4.5 billion of New York Transportation Development Corp. bonds sold for the P3 won the Northeast category of The Bond Buyer's 2024 Deal of the Year awards.
As headline risk swirls around the Fed and the transition to the Trump administration, municipals have largely stayed in their own lane. November finds the municipal market "in far better technical shape, with an attractive backdrop through at least year-end," J.P. Morgan's Peter DeGroot said.
The outlook change to negative comes in the wake of voter approval on Nov. 5 of a ballot measure requiring certain public safety spending by the city.
The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.
A bond-financed rehab of the downtown sports arena is receiving pushback.
