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Posted in Investment Banking Issuers Technicals

Should Issuers Execute Taxable Advance Refundings?

September 6, 2019 – With 10 and 30 year Treasuries hovering near historic lows, at 1.54% and 2.02% respectively, public…

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Posted in Cities Investor Outlook Rates States Technicals Transportation Finance

BlackRock Reduced Long-Dated Bond Holdings in $11B Muni Fund

August 29, 2019 – BuyMuni’s analysis of BlackRock’s Strategic Municipal Opportunities Fund (“SMO Fund”) investor materials revealed tactical shifts within…

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Posted in Economy Investor Outlook Markets

PIMCO: Recession Not Imminent, But Cautious In Outlook

August 28, 2019 – In a report issued this week, PIMCO’s Dan Ivascyn and Esteban Burbano discussed the current U.S….

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Posted in Economy Housing Rates

Goldman: U.S. Housing To Improve Despite Headwinds

August 26, 2019 – In a research note issued yesterday, Goldman Sachs analysts concluded that U.S. housing is likely to…

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Posted in Funds Investing Investor Outlook Markets

Nuveen: Treasury Yields Mixed Due To Global Trade and the Fed

Highlights from Nuveen’s weekly 2019 Aug 26 fixed income commentary: Municipals were unchanged even as long duration-Treasuries improved (lower yield)…

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Posted in Budgets Economy Rating Agencies States

Fitch: Most States Experiencing Revenue Growth But FY2020 Outlook Remains Cautious

In a report issued on August 1, 2019, Fitch Ratings (“Fitch”) analysts opined that most U.S. states are experiencing solid…

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Posted in ESG Investing Issuers Retail Investors

[Forbes] Municipal Bonds: A Positive Impact In Addressing Homelessness [Sponsored]

This is the fifth article in a series highlighting the most important aspect of municipal bonds: how the projects bonds…

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Posted in Budgets Cities Credit Ratings Economy States Taxes

How Low Interest Rates Could Wreck State/Local Budgets and Hurt Credit Quality

The past week was a bumper week in munis, with nearly $14 billion in new issuance. It was also one…

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Posted in Credit Ratings Issuers New York State Transportation Finance

[Opinion] Moody’s Thinks Taxing the Rich Will Save New York’s MTA. There Is One Crack To This Argument.

August 8, 2019 – In a report issued today, Moody’s Investor Service laid out an argument in favor of New…

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Posted in Credit Ratings Healthcare States

States Saddled with Retiree Healthcare Liabilities Would Benefit from Medicare-for-All. Correction: Their Bondholders Will.

If polls are to be believed, a majority of Americans are ready to remove President Trump in 2020, electing what…