Municipal Markets

Exclusive Interview with Tom DeMarco of Fidelity Capital Markets

March 3, 2015

Tom DeMarco, fixed-income strategist at Fidelity Capital Markets, spoke with Bloomberg Brief editor Taylor Riggs on Feb. 25 about a flattening yield curve, demand for municipals during tax season and the future of bond insurance. His comments have been edited and condensed. Click here to read the full interview.

Municipal Market Weekly Digest- 2/27

February 27, 2015

The Municipal Market Weekly Digest contains the top stories and data for the week. Click here to read this week’s issue.

Home Prices in 20 Cities Extend Gains, Led by San Francisco, Miami

February 25, 2015

Home prices in 20 U.S. cities rose 4.46 percent in December 2014 year over year, after increasing 4.29 percent in November from a year earlier, according to the S&P/Case-Shiller index. It was the slowest December gain since 2011 when prices fell 4.07 percent year over year. In December 2012, prices

Atlanta Water Preps Sale on Improving Debt Coverage Ratio, Higher Revenue

February 23, 2015

The City of Atlanta is selling $1.25 billion of water and wastewater revenue refunding bonds this week, rated Aa3 by Moody’s, AA- by S&P and A+ by Fitch. Total operating revenue for the system — including transfers from the Municipal Option Sales Tax — rose to $575.7 million in fiscal year 2014 from $511.7 million in 2010.

Municipal Market Weekly Digest-2/20

February 20, 2015

The Municipal Market Weekly Digest contains the top stories and data for this week. Click here to view.

Fewer Firms Report Inflows in February

February 18, 2015

The number of firms reporting inflows in February fell from January after net contributions slowed to their lowest level of the year last week, according to Lipper US Fund Flows. Fifty-two firms reported inflows in the month ended Feb. 11, down from 68 firms in January. The number of firms reporting outflows increased to 26 in the first

Bloomberg Brief Video Expert Series – Kevin Faulconer

February 17, 2015

Taylor Riggs, an editor at Bloomberg Brief Municipal Market talks with Kevin Faulconer, mayor of San Diego City, about pension reform and the city’s budget. This video is sponsored by: Previous Expert Series Videos: January 2015 – Tina Morris

Tulsa Airport Markets New Money, Refunding Debt on Revenue, Enplanement Growth

February 17, 2015

The Tulsa Airports Improvement Trust is expected to sell $76 million of general airport revenue refunding and new money bonds Thursday, rated BBB+ and carrying insurance by Build America Mutual. Revenue is estimated to exceed the rate covenant requirement by $1.27 million and $2.11 million between 2015 and 2020, according to bond documents. Total revenue increased to $33.5 million in

Detroit School District Prices on Fund Balance Deficit, Declining Property Tax Values

February 12, 2015

The Detroit School District sold $193 million of local government loan program revenue bonds through the Michigan Finance Authority, rated AA- by Standard & Poor’s and AA by Fitch. Bonds maturing in 10 years yielded 2.94 percent, compared to Bloomberg’s AA revenue scale, which yielded 2.11 percent. Spreads on the debt ranged from 56 to 97 basis points above

Oppenheimer Posts Inflows in 2015, Thornburg Reverses Outflows

February 11, 2015

Municipal bond mutual funds that report weekly to Lipper US Fund Flows are getting a strong start to the year with 68 firms reporting inflows in January compared to 20 firms reporting outflows. Sixteen reported inflows of $100 million or more in January through the 28th. In the month ended Feb. 4, 47 firms reported inflows compared to