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Several strategists estimate the municipal market will be 50% taxable in five years if a direct-pay bond option makes its way into law.
September 17 -
Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.
September 15 -
Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.
September 13 -
The Kentucky Public Transportation Infrastructure Authority and the Kentucky Turnpike Authority plan refunding revenue bond sales this month.
September 1 -
The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.
August 31 -
The absence of advance refunding and a direct-pay bond program in the bipartisan infrastructure package has lobbyists pushing for inclusion of those things in the reconciliation bill, a matter only weeks away.
August 31 -
The authority succeeded in selling unrated bonds to take out CCC-rated bonds.
August 18 -
Another replacement for exempt advance refundings, forward delivery bonds are attractive to issuers looking for savings and investors seeking incremental yield.
August 13 -
The $1.4 billion seaport revenue refunding bond deal Wells Fargo will price next week will be the largest port transaction since the COVID-19 pandemic began.
August 11 -
Treasury has already halted the sale of state and local securities, known as SLGS.
August 9