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Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate
tax reform proposal and how it compares with the House version.November 10 -
Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.
November 10 -
Deals came in waves in the busiest day of the week Wednesday, with the market firming and most issuers able to lower yields.
November 8 -
JPMorgan Securities won the week’s largest bond deal — Pennsylvania’s $974 million of general obligation bonds. In secondary trading, municipals were stronger at midday.
November 8 -
Pennsylvania is set to hit the market with the week’s biggest offering — a $974 million competitive sale. Municipals were stronger, according to early trade data.
November 8 -
Municipal yields were down by as many as seven basis points amid concern that tax reform may crimp supply.
November 6 -
Retail and institutional municipal bond investors hope volume of nearly $9 billion is a sign of consistent elevated weekly volume for the remainder of the year.
November 6 -
With nearly $9 billion in volume, thanks to a large refunding deal, market participants expect issuance will remain strong as issuers try to beat tax reform.
November 6 -
Refundings on the calendar for the week ahead spurred speculation that issuers may rush deals to market before they are banned by the GOP tax plan.
November 3 -
More states and localities moved ahead with infrastructure financings in October, as issuers gained confidence the municipal tax exemption will remain in place.
October 31