Market Post: Munis Push Lower into Midday

Ramage, James
October 2013
Bond Buyer;10/18/2013, Vol. 122 Issue F341, p1
Trade Publication
The article offers a report related to the condition of the U.S. municipal market in 2013. It informs that an end to the cash-laden investors have provided some downward momentum to yields in the municipal market in the country. It further informs that the U.S. Trades on the Municipal Securities Rulemaking Board's EMMA site of Sales Tax Financing Corp., or COFINA, bonds showed lower yields on intraday trading.


Related Articles

  • Big Deals Price, Secondary Yields Rise. Scarchilli, Michael // Bond Buyer;6/11/2009, Vol. 368 Issue 33130, p2 

    The article reports on the market performance of municipal bonds in the U.S. The market was poured with new issues with largest scheduled transactions sold and secondary yields climbed. The largest deal priced by Citigroup was the $4.5 billion of revenue bonds from Puerto Rico Sales Tax...

  • Yields Climb Amid New Deals and Weaker Treasuries. Scarchilli, Michael // Investment Dealers' Digest;6/12/2009, Vol. 75 Issue 23, p11 

    The article reports on the Bond Buyer's yield indexes in the U.S. It notes that tax-exempt yields in the country rise in the second week of June 2009 due to the weakening of the Treasury market. It mentions that the leading companies in the U.S. market is Puerto Rico Sales Tax Financing Corp...

  • Following Holiday Lull, Issuance Set to Swell to $7.6 Billion. Scarchilli, Michael; Campbell, Dakin // Bond Buyer;7/9/2007, Vol. 361 Issue 32666, p7 

    The article reports on two sales of bonds which will amount to $7.6 billion and will take place in the U.S. after the July 4 holiday of 2007. The first deal is set by the Puerto Rico Sales Tax Financing Corp., which will market $2.6 billion tax-exempt and $1 billion of taxable. These will be...

  • New Issues Eyed Amid Secondary Weakness. Scarchilli, Michael // Bond Buyer;6/10/2009, Vol. 368 Issue 33129, p2 

    The article reports on the market performance of municipal bonds in the U.S. New bond issues were focused by traders in the middle of weakness in the municipal secondary market. The Puerto Rico Sales Tax Financing Corp. entered the market with $1 billion to $4.5 billion. J.P. Morgan Chase & Co....

  • Bay Area, Puerto Rico Bond Big. Albano, Christine // Bond Buyer;6/21/2010, Vol. 372 Issue 33336, p1 

    The article reports that the sale from California's Bay Area Toll Authority worth 1.75 billion dollars will join an offering worth 1.4 billion dollars of subordinate sales-tax revenue bonds from the Puerto Rico Sales Tax Financing. It states that the bond market prepares for a long-term volume...

  • Some Special Tax Deals Nabbing Higher Grades Than GOs. Hanson, Matthew // Bond Buyer;8/14/2007, Vol. 361 Issue 32691, p7 

    The article reports on the Puerto Rico's $2.7 billion sales tax revenue bond sale, which is the headline-grabbing deal based on higher-rated special tax credits. The commonwealth has sold the deal through the deal through the newly created Puerto Rico Sales Tax Financing Corp., conduit with an...

  • Northeast Volume Enjoyed 15% Bump in '07. Kaske, Michelle // Bond Buyer;2/11/2008, Vol. 363 Issue 32813, p1 

    The article reports on bonds issuance in the U.S. Northeast region in 2007. In the region, issuers sold $108 billion of municipal bonds during the year, an increase of about 15% from the previous year. The biggest deal was that of New Jersey Tobacco Settlement Financing Corp. which sold $3.62...

  • Market Post: Puerto Rico GOs Weaken as Buyers Flip Bonds. Renick, Oliver; Bonello, Maria; Flynn, Hillary // Bond Buyer;3/1/2014, Vol. 123 Issue F311, p1 

    The article focuses on the condition of the municipal bond market of Puerto Rico as of March 2014. Topics discussed include 11 basis points increase in yields on the 8 percent coupon bonds maturing in 2035, slow growth in new term bonds in the secondary market and 34 percent below the 100-day...

  • GDB closes largest sales tax bond deal in U.S. history. Márques, Carlos; Carmona, José L. // Caribbean Business;6/18/2009, Vol. 37 Issue 24, p4 

    The article reports on the largest sales tax bond deal in the U.S. history closed by the Government Development Bank (GDB) for Puerto Rico. The tax bond has totalled to around $5.8 billion with $1.4 billion from the Puerto Rico Sales Tax Financing Corp. (Cofina) bond issuance, $4.1 billion in...

  • Market Post: Puerto Rico Trades Flat; Biggest Primary Deals Hit Market. Riggs, Taylor // Bond Buyer;10/17/2013, Vol. 122 Issue 33997, p1 

    The article reflects on the financial market performance of bonds in Puerto Rico on October 15, 2013. It states that the Puerto Rican markets opened steady with light volume and block trading and according to traders, yields on Puerto Rico Sales Tax Financing Corp. (COFINA) were flat in intraday...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics