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"We will remain cautious until CPI and the FOMC are in the rear-view mirror and as long as these don't catalyze a sell-off (since that would trigger outflows) or catalyze a sharp rally (as municipals lag rates during a sharp rally and ratios can increase optically) ... " said Vikram Rai, head of municipal markets strategy at Wells Fargo.
June 11 -
The top five bond financings have an average dollar volume of more than $1.2 billion.
June 11 -
Darren Olson of the American Society of Civil Engineers joins to discuss the importance of resilient infrastructure and the impact of federal funding on America's future.
June 11 -
With no change in rates expected, analysts are interested in the dot plot and Fed Chair Jerome Powell's press conference.
June 11 -
Controversy over where to build a new jail has delayed further issuance of $260 million of voter-approved bonds after an initial $45 million sale.
June 11 -
Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.
June 11 -
The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.
June 11 -
Munis should see better performance this week as issuance falls to $5.2 billion this week and cash still needs to be reinvested, said Jason Wong, vice president of Municipals at AmeriVet Securities.
June 10 -
The Water and Power Authority got good financial news from the U.S. Federal Emergency Management Agency but bad financial news from a federal court in Puerto Rico.
June 10 -
The ratings agency cited growing enplanement counts, expectations of resilience during future economic downturns, and strong management for its upgrade to AA from AA-minus.
June 10