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School financing still represents a relatively significant proportion of bond issuance. Cynics would say that given the strong market conditions, school paper will sell at tight spreads regardless of all the noise surrounding the sector.
July 9John Hallacy Consulting LLC -
There is a substantial risk of downward pressure on state and local credit quality that is not currently incorporated in municipal bond market ratings or valuations.
July 6George Friedlander & Associates -
A Fed takeover of municipal lending is a weighty policy decision fraught with dangers that should not be inadvertently or capriciously back-doored into existence during a pandemic.
June 29Cato Institute -
Especially helpful is the MSRB’s weekly report aggregating disclosures made to the EMMA website that describe the impact of COVID-19 on state and local governments’ financial condition and operating status.
June 23Georgia State University -
There is absolutely no good reason why, 10 years after Dodd-Frank was enacted, the MSRB has not rationalized its fee structure.
June 17Bond Dealers of America -
Spoiler alert: Not much. What makes a May Friday a relative oddity is that it was just the first time in 2020 the 30-year UST ended the day unchanged, the second longest span of continuous yield activity since the U.S. government began benchmarking maturities in the late 1970s.
June 10Wing-O-Metrics LLC -
What if there was a debt structure that essentially "refunded" on autopilot, and without transaction cost? Well, the ratchet bond does exactly that.
June 8Kalotay Advisors LLC -
With states now reopening, will consumers return to their pre-crisis consumption behaviors?
June 8UMB Bank -
The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.
May 20 -
An important corollary of the pandemic is bolstering the green bond market: a heightened level of investors’ attention and sensitivity toward social and environmental issues.
May 19Allianz Global Investors