Municipal bond underwriters did the majority of business during the first two months of the year, before COVID-19 swept the country with sickness and severe spreading. The top underwriters accounted for $87.84 billion of bonds throughout 2,119 transactions, compared to $75.84 billion in 1,809 deals in first quarter of 2019.
Investors should "brace themselves" for further volatility, as uncertainty is likely to remain, said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
October's roundup of pressing items in the bond markets includes a spate of lawsuits involving municipal bonds, issuers weighing in on the Financial Data Transparency Act and more.
The upgrade affects most but not all of MEAG's outstanding bonds.
A rule change allowing non-profits to cash in green energy credits presents both opportunities and challenges.
The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.
