Unique Tokens

Municipals were weaker Thursday as U.S. Treasury yields rose and equities rallied. Triple-A yields rose by two to seven basis points while USTs rose four to five as volatility in both markets continued. The past several trading sessions have seen “crazy volatility,” said Jennifer Johnston, director of research of municipal bonds at Franklin Templeton. <img

BayCare Health System, Florida, plans to price $1.3 billion in bonds the week of August 19 through the Hillsborough County Industrial Development Authority. The authority approved the bonds earlier this month. Bond proceeds will reimburse BayCare for prior capital expenditures, fund future capital projects and pay for capitalized interest and costs of issuance. The authority

Tampa International Airport plans to price $484 million in alternate minimum tax eligible senior bonds Thursday, about a week after Fitch Ratings upgraded the airport’s subordinate debt. The bonds, issued by the Hillsborough County Aviation Authority, are rated Aa3 by Moody’s Ratings, AA-minus by Fitch, and AA by Kroll Bond Rating Agency. In late July

Municipals were weaker Wednesday, as U.S. Treasury yields rose and equities ended down. The two-year muni-to-Treasury ratio Wednesday was at 66%, the three-year at 67%, the five-year at 67%, the 10-year at 66% and the 30-year at 83%, according to Refinitiv Municipal Market Data’s 3 p.m. EST read. ICE Data Services had the two-year at

Congressional Republicans launched fresh salvos in the partisan battle over environmental, social and governance investment polices last week and Treasury waded into the issue as the debate continues to simmer among the states. The House Republican ESG Working Group on Aug. 1 released a 37-page report titled “The Failure of ESG: An Examination of Environmental,

Following a three-day extended rally, municipals reversed course and were mostly weaker five years and out Tuesday in secondary trading as the primary market took focus with several large deals. U.S. Treasuries sold off and equities rallied. The two-year muni-to-Treasury ratio Tuesday was at 64%, the three-year at 66%, the five-year at 66%, the 10-year

The Chapter 11 bankruptcy saga of Iowa’s Mercy Hospital continues, with master trustee Computershare Trust filing a notice Thursday about the distribution of cash to bondholders and a status conference on Friday yielding some progress on stalled payments. According to an August 1 filing by Computershare Trust posted on the Municipal Securities Rulemaking Board’s EMMA

Puerto Rico Electric Power Authority bond parties asked the U.S. Court of Appeals for the First Circuit Monday to reject the Oversight Board’s request to rehear the court’s June decision that bondholders have a lien on the authority’s net revenues. While the board’s request delays the bankruptcy, it “has the positive effect of clarifying, in

Underwriters are experiencing greater pressure in the competitive market as several firms bid on deals more frequently, and deals, on average, see more bids and narrower spreads. “Competitive underwriting remains a tough business that’s getting tougher,” said Justin Marlowe, professor at the University of Chicago Harris School of Public Policy and director of the school’s Center