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Municipals were little changed Tuesday as the primary market picked up steam, led by two billion-dollar retail offerings and upsized deals for New York paper. U.S. Treasuries were firmer and equities closed the session up, led by the S&P 500 hitting a new record. The two-year muni-to-Treasury ratio Tuesday was at 65%, the three-year at
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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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In this article MELI Follow your favorite stocksCREATE FREE ACCOUNT One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34%
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S&P Global Ratings placed more than 400 state and local government issuers under criteria observation as the agency adopts updated U.S. government rating methodology it instituted earlier this month. Under the new criteria, there is a single scored framework and a common set of weights for all U.S. governments, including the issuer’s individual credit profile
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Fintech firm BondWave and database management firm DPC Data plan to integrate several of DPC Data’s products into Bondwave’s Effi platform. This partnership allows users with a DPC Data subscription to access content directly within Effi, or Engine for Fixed Income, providing Effi users with more information for all municipal bond positions in their portfolio.
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The Municipal Bonds for America coalition is pressing the importance of key legislative issues affecting the world of public finance onto the docket of the powerful House Committee on Ways and Means.    “We did some meetings up on the Hill earlier this summer, almost simultaneously as when Ways and Means majority leadership announced their tax
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Siebert Williams Shank has hired five senior and junior public finance professionals across the country, with the intention of expanding the firm’s footprint. Their responsibilities will include transaction execution, client relationship management, and quantitative analysis. Two will be based in Siebert’s New York City office, two in its Oakland, California, office, and one in its
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Moody’s Ratings revised the outlook on New Mexico’s Aa2 rating to positive from stable, while downgrading ratings on certain state transportation and severance tax bonds in the wake of a methodology update review.  The positive outlook, which affects $521 million of outstanding general obligation bonds, reflects Moody’s view “the state’s strong financial position, reflected in
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Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
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The New York Power Authority offered green revenue bonds to retail investors Monday, fresh on the heels of ratings upgrades from Moody’s Ratings and KBRA. The Power Authority is bringing $404.375 million of green revenue bonds to market this week, starting with $104 million offered to retail investors Monday. While pricing details were not yet
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The municipal bond market will be showered this week with nearly $2 billion of triple-A-rated debt from water agencies in Southwest states facing drought and other climate issues. The Texas Water Development Board tops the week’s issuance calendar with $1.6 billion of State Water Implementation Revenue Fund for Texas master trust bonds to finance local
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Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China has unleashed a swath of stimulus measures including cuts to its benchmark interest rate as Beijing battles a slowdown in the world’s second-largest economy. In a rare public briefing on Tuesday, the People’s Bank
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The Los Angeles Unified School District plans to come to market Wednesday with $1.1 billion of general obligation bonds designated as sustainable. Lead manager RBC Capital Markets is scheduled to price the bonds Wednesday after a retail order period Tuesday. The debt will enter a market influenced by the Federal Open Market Committee’s decision last
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Municipals were steady to start the week while the focus moved to the hefty primary slate as several deals priced bonds for retail to good demand. U.S. Treasuries were slightly weaker and equities closed the session in the black. The two-year muni-to-Treasury ratio Monday was at 64%, the three-year at 66%, the five-year at 66%,
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