Municipal Markets

Municipal Market Weekly Digest- 2.6.15

February 6, 2015

Click here to read the new Municipal Market Weekly Digest containing this week’s top municipal market stories.

San Juan, Miami Have Largest Percentage of Older Population

February 4, 2015

New York has the largest population of people older than 65 when measured against the biggest 30 cities, with more than 1 million people, or 12 percent, above the retirement age. Los Angeles has more than 408,000 people older than 65, or 11 percent of the population, according to the U.S. Census

Mississippi Preps Bond Sale on General Fund Revenue, Personal Income Growth

February 2, 2015

  Mississippi is expected to sell $700 million of general obligation bonds this week, rated AA by Standard & Poor’s. General fund revenue rose to $5.33 billion in 2014 from $3.93 billion in 2005. GO debt service as a percent of revenue increased to 7.05 percent from 5.27 percent. Debt per capita rose to $1,385 in 2014 from

A Year In Review: Municipal Market Statbook 2014

January 30, 2015

Click here to read A Year In Review: Municipal Market Statbook 2014

Better Safe Than Sorry, Issuers Postpone Deals so Buyers Show Up

January 28, 2015

Issuers mostly in the Northeast postponed at least $1.3 billion of bond sales this week due to a snowstorm that struck Monday night and Tuesday. The top competitive deals that were postponed included Pennsylvania’s $1 billion general obligation sale, which would have been the largest deal this week. Competitive deals in New Jersey, Maine and New York were also

Bloomberg Brief Expert Series – Tina Morris Video

January 27, 2015

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Obama Says U.S. Must Address Income Gap

January 21, 2015

BY MIKE DORNING AND ANGELA GREILING KEANE President Barack Obama declared the U.S. economy healed and said the nation now must begin work to close the gap between the well-off and the wanting. “Tonight we turn the page,” Obama said in his sixth annual State of the Union address. “We have

Arizona Town Water Bonds Defy BondView Reporting Error of Monetary Default

January 14, 2015

Cottonwood, Arizona, is back in compliance with its 1.35 times debt service coverage requirement in fiscal 2014 for its water revenue bonds, the first time since 2008, said town finance director Rudy Rodriguez. The breach did not constitute a technical default, but gave bondholders the authority to override the city council to raise water rates. While bondholders did not

Bloomberg Brief Launches New Weekly Digest

January 9, 2015

The weekly presents a sampling of the top news and data that run on the Bloomberg terminal and in our daily Municipal Market brief. Click here to download this special complimentary newsletter.  

Student Loan, Health Care Riskiest Sectors Even as Student Loan Spreads Tighten

January 7, 2015

  The student loan sector is considered the riskiest in the municipal market, with spreads 159 basis points above Bloomberg’s 5-year AAA muni benchmark, followed by the health care sector with spreads of 113 basis points above the benchmark, according to Bloomberg’s municipal credit risk model. The student loan sector tightened by six basis points in the week