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Since November, 10-year munis have fallen 130 basis points, according to Refinitiv MMD. This has pushed ratios to near-record lows, said Jason Wong, vice president of municipals at AmeriVet Securities.
January 8 -
The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds next week.
January 8 -
Half of the top 10 issuers were new entrants: the California Community Choice Finance Authority, Main Street Natural Gas, the state of Washington, the Texas Natural Gas Securitization Finance Corp. and Illinois.
January 8 -
The muni market saw $379.992 billion of debt issued in 2023, only $11.076 billion less than the lackluster $391.068 billion seen in 2022.
December 29 -
Illinois saw an uptick in its financial fortunes during the past fiscal year, one of the few times the state's net position has improved in recent years.
December 29 -
A hotel tax that supports the authority's bonds has recovered strongly from the pandemic, the rating agency said.
December 21 -
So far, the temporary Bally's casino in Chicago has brought in about a quarter of the tax revenue it needs to generate to keep up with budget expectations.
December 19 -
Secondary trading showed clear strength across the yield curve Thursday with bellwether names trading up significantly from recent prints and original pricing levels. New-issues in the primary benefited with issuers repricing to lower yields and tight to triple-A curves.
December 14 -
The municipal bond rally has brought two big Illinois issuers into the market with plans to sell refunding bonds this week.
December 13 -
Joe Ferguson, who served as Chicago's inspector general under three mayoral administrations, replaces Laurence Msall, who died earlier this year.
December 12