Muni Bond Issuers Hedging Ahead of Tax Law
As uncertainty continues to surround the ever-changing tax overhaul plan, municipal bond issuers aren’t taking any chances: They’re conducting a gusher of bond sales at a pace not seen in more… Read More »
Looming Tax Law Fuels Municipal Bond Rush
What’s behind the rush of investors snapping up a flood of municipal bonds? It’s simple: The supply of munis is about to drop dramatically. Beginning next year, analysts say, new sales of… Read More »
Attacking Certain Munis Imperils Infrastructure Goals
If Congress wants private dollars to help fund a massive investment in infrastructure, they have a funny way of showing it. The tax exemption on private activity bonds, a key tool to leverage… Read More »
What Muni Investors Should Know About The New Fed Head
Wondering what will happen to interest rates once the new Fed chairman takes over? It’s a question many bond market watchers are asking in the wake of the president’s nomination of Jerome… Read More »
Muni Bond Exemption Sticks On Initial Tax Plan
Municipal bond investors are breathing a tentative sigh of relief as the initial House plan to overhaul the tax code left the tax exemption on muni bond interest unchanged. The plan, unveiled… Read More »
House Speaker Pledges Long-Term Aid for Puerto Rico
Bondholders searching for signs Puerto Rico can rebuild and ultimately emerge from its fiscal challenges found a flicker of hope recently. In a visit to Puerto Rico on Friday, U.S. House Speaker… Read More »
How Muni Bond Insurers Are Weathering Recent Storms
Early signs indicate bond insurers can withstand the recent hurricanes Harvey and Irma with no change in credit ratings, while Maria’s impact may be moot. Although insurers are still tallying… Read More »
What We Learned From Greenspan’s Take on Bond Rates
Just as the pundits stopped screaming about the end of the bull market in bonds, Alan Greenspan weighed in. The former Fed chairman isn’t sure when bond prices will drop and rates will rise –… Read More »
With Premium Muni Bonds, Think Yield, Not Price
They provide superb value, but to some investors, premium bonds are a mystery. Typically, investors get tripped up over price. Why, they ask, would you pay above par? Such was the lament of an… Read More »
Illinois Maintains Investment-Grade Rating
After passing a budget for the first time in two years, Illinois maintained its investment grade rating with Moody’s. Moody’s was the last of the three major ratings agencies to complete a… Read More »