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The correction to the municipal market has improved muni to UST ratios while uncertainty hangs over ahead of the election. J.P. Morgan's Peter DeGroot said the firm expects the end of next week "will mark the end of the difficult technical period in 2024 and believe that net supply in November will lead to better valuations broadly in the municipal market."
October 25 -
Several macro trends have converged to drive growth in municipal bond issuance, said participants at The Bond Buyer's California Public Finance conference.
October 25 -
Vales is currently a director for fixed-income focused broker-dealer InspereX and an independent trustee for the Axonic Funds, having previously served as the CEO of electronic trading platform TMC Bonds, which ICE acquired in 2019.
October 25 -
Build America Mutual insured the majority of the maturities in the West Contra Costa Unified School District GO deal.
October 25 -
The downgrade affects $2.1 billion in bond debt and extends to its utility debt.
October 24 -
While fundamentals remain strong — with credit upgrades outpacing downgrades by 3.5 times so far in 2024 — technical factors have been "less supportive," Principal Asset Management strategists said in a report.
October 24 -
San Francisco's slow recovery from the pandemic and continued financial pressures drove the downgrade, Moody's analysts said.
October 24 -
The state lacks the money to widen the traffic-clogged highway on its own, officials said.
October 24 -
The Chicago City Council this week approved a plan to refinance $1.5 billion of the city's debt. The city expects to issue the bonds in the fourth quarter.
October 24 -
The event went on as scheduled Tuesday against a backdrop of escalating conflict between the mayor and controller, with each requesting a probe of the other.
October 23