Bonds

Municipals faced some pressure Thursday as U.S. Treasuries saw losses amid geopolitical uncertainty and mixed macroeconomic data ahead of Friday’s payrolls figure while equities were off near the close. The last large new-issues priced in the primary and secondary trading pointed to some weakness, leading to small cuts to triple-A yield curves.  Municipal bond mutual
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Investortools and ficc.ai have partnered to stream the latter’s predictive trade levels into the former’s Investortools Dealer Network. This integration gives Investortools’ clients greater “AI-driven pricing intelligence,” allowing them to make more informed decisions and have the flexibility to incorporate their preferred real-time pricing data providers, according to a press release. Through the integration, Investortool’s
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The municipal market muscled through this week by holding yields mostly steady as investors digested a large new-issue slate, heavy on tax-exempt paper, even as U.S. Treasuries were weaker until Friday’s session. Municipal triple-A yield curves closed out the week with few changes, valuations were little changed — though at attractive levels — and the
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Minneapolis will bring general obligation bonds to market next week in a deal that includes funding to repair damage left by the 2020 riots after a police officer killed George Floyd. The city will sell $123.59 million of tax-exempt Series 2024 general obligation bonds via competitive sale Tuesday. The municipal advisor on the deal is
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While Hurricane Helene could have short- and long-term impacts on government finances and the economy, observers say Florida’s hurricane catastrophe fund has sufficient funds to cover damages without requiring immediate replenishment. Meanwhile, for now, BofA still plans to price $233 million of water and wastewater revenue bonds for Tampa on Tuesday and $210 million of
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As the election approaches, tax policy issues are moving to the fore including pass-through entity exemptions used to negate the effects of the cap on state and local tax deductions.  “If the SALT cap expires, then you’re going to see some states where they didn’t have this legislation, have to figure out what to do,
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Samuel A. Ramirez & Co. has added public finance bankers in three separate offices as it continues to broaden its national reach. Cordelia Mendez joins as a vice president in the New York City office, Ayanna Louis-Charles joins as a senior vice president in south Florida and Courtney Okezie joins as a vice president in
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The Louisiana Bond Commission approved the sale of $620 million in aviation revenue bonds and $220 million in sales tax bonds and modified conditions for up to $1 billion in gas and fuels tax bonds it previously authorized. The commission consented to the sale of up to $575 million in general airport revenue refunding bonds
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Dan Callahan joined UMB Bank’s capital markets division as a senior vice president and public finance banker, the bank announced last week. Based in Austin, Callahan will oversee sales and business development, focusing on “UMB’s continued growth in the Texas municipal market through enhanced offerings in school municipal financing that will deliver sustainable results for
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Bond-financed redevelopment underpins Kansas City, Missouri’s plan to tackle decades-old blight and environmental issues that go back further in the Historic Northeast neighborhood. Clay County Commissioner Scott Wagner, previously a Kansas City councilman, told The Bond Buyer that “just the sheer magnitude” of this redevelopment project presented a challenge, but it stands a chance of
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