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Municipal bonds strengthened Thursday as yields fell by as much as four basis points on AAA curves but coronavirus vaccine rally in stocks slowed and UST, munis regained ground.
November 12 -
John Hallacy, founder of John Hallacy Consulting LLC, and Andrew Coen, Bond Buyer Northeast regional reporter, talk about next week’s $4 billion COVID-19 emergency GO and taxable social bond sale by New Jersey. Chip Barnett moderates the discussion on what it means for the state and whether the issue will become muni bond market benchmarks with an extra appeal to international investors. (15 minutes)
November 12 -
S&P Global Ratings downgrades the Garden State's general obligation bonds one notch to BBB-plus from A-minus.
November 6 -
The legalization is projected to generate about $120 million for the fiscally stressed state once the market gets established, which won’t be for another two to three years.
November 4 -
New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29 - N. J.'s decision to use tax-exempts for planned $4B bond sale reflects market strength, analysts say
New Jersey had a choice between the Federal Reserve’s Municipal Liquidity Facility and the muni market for its upcoming $4 billion borrowing.
October 23 -
New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus.
September 29 -
Analysts warn that borrowing planned in a revised New Jersey budget will result in lasting fiscal distress as it pays back the debt.
September 23 -
The deal struck by Gov. Phil Murphy to increase marginal rates on income over $1 million is not expected to make a material difference to the state deficit.
September 18 -
A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.
September 16