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Treasury Department sales of state and local government series securities are expected to dramatically decline this month now that issuers no longer need them for tax-exempt advance refunding escrows.
February 16 -
The Government Finance Officers Association's federal liaison center is warning some members against using interest rate swaps and derivatives.
February 15 -
With fewer incentives to buy tax-exempt debt under the new tax law, Texas municipal bond industry leaders confront a changing market.
February 13 -
Historically, the vast majority of state and local government series securities were purchased for advanced refunding escrows until tax-exempt advance refundings were banned after 2017.
January 31 -
Chicago’s Sales Tax Securitization Corp. bonds cleared the market after a one-week delay.
January 25 -
First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.
January 24 -
State agencies and universities are expected to generate 26% less bond volume this fiscal year, according to the Texas Bond Review Board.
January 12 -
Bond director Ben Watkins lamented the loss of the refinancing tactic that helped refinance 62% of the state’s debt portfolio.
December 20 -
The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.
December 18 -
A portion of the Oklahoma Turnpike Authority's $410 million deal may well be its last advance refunding.
December 4