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Greensboro, North Carolina, is expected to price $175 million of bonds next week, $25 million of which are taxable bonds, with the proceeds being used to redeem outstanding bond anticipation notes. The North Carolina Local Government Commission approved the Greensboro bonds earlier this month as well as $212 million of bonds from Raleigh, with an

Municipals were weaker to start the week, as U.S. Treasury yields rose slightly and equities were mixed near the close. Muni yields rose up to nine basis points, depending on the scale, while UST yields rose up to three basis points. “While we acknowledge that the market tone is weaker [Monday], we are generally constructive

Should the Municipal Securities Rulemaking Board’s one minute reporting proposal go forward in any form resembling the one filed with the Securities and Exchange Commission in January, the proposal should also include a broad exception for manual trades, an in-depth examination of the rules’ affect on liquidity, transparency and market concentration, and additional relief for

The extended saga of budget approval in Virginia is over with some help from compromise and a stronger than expected tax collection season.   “This budget resolution was empowered by the strength of our labor market, with more Virginians working than ever before and investments by businesses large and small, that have fueled record revenues for

The Municipal Forum of New York presented three awards to industry leaders and veterans at its annual awards and leadership fellows fundraising dinner.  Recipients included Marjorie Henning, retired deputy comptroller for public finance for the New York City Comptroller’s office; Albert Simons, retired partner at Orrick, Herrington & Sutcliffe; and New York City Budget Director

As the muni market relies on technology, there’s a school of thought that new systems and processes are favored over personal relationships, sacrificing personal touch for efficiency and automation. However, some market participants argue the contrary, believing technology only further enhances the interpersonal relationships of this highly relationship-based industry. “The industry is built on relationships,

The New Jersey Turnpike Authority returned to the market last week with a $684 million deal, with a structure that has also returned to the market: forward delivery bonds.  Forward delivery bonds may become attractive to issuers, some analysts say, as they try to maximize their savings in a market with uncertain interest rates.  A