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Large deals were repriced to lower yields while the secondary market was lightly traded, leading to little changed triple-A yield curves and underperformance to Treasury market gains. Despite a growing calendar, the supply demand imbalance remains with much cash on the sidelines.
March 5 -
The denied motion will give Rochester MAs Richard Ganci and Richard Tortora of Capital Markets Advisors the opportunity to motion for summary judgment, giving the judge a chance to consider all of the evidence present in the case.
March 5 -
The rating agency cited the university's structural budget imbalance and management turnover among factors that drove the outlook revision to negative from stable.
March 5 -
The city has again proven to have a resilient economy, with better than budgeted revenues, said Howard Cure, a partner and director of municipal bond research at Evercore Wealth Management LLC.
March 5 -
It's been two years since Dolton, Illinois, filed audited annual financials, and hints of fiscal stress include a threat to repossess police cruisers.
March 5 -
Dealer groups look forward to the upcoming meetings to discuss the future of Municipal Securities Rulemaking Board fees.
March 5 -
The Oversight Board approved the restructuring of PREPA power supplier AES's municipal bonds as arguments begin in the plan of adjustment hearing.
March 5 -
Investor demands and lower account minimums have grown separately managed accounts across fixed-income markets, particularly in munis. Russell Feldman, CEO and co-founder of IMTC, discusses this evolution and how technology has contributed to changing market dynamics.
March 5 -
State lawmakers last week passed bills including stadium financing to boost efforts to lure professional baseball and hockey teams to Salt Lake City.
March 5 -
The muni market "exhibited similar themes from the past few weeks as extremely rich valuations and the upcoming unfavorable supply/demand picture have led to a measured buyer base," said Birch Creek Capital strategists in a report.
March 4