Munis slightly weaker but outperform UST as ratios hover at 10-year lows
Muni to U.S. Treasury ratios hover near the lowest point in a decade and analysts see little impetus for munis to catch up in the near term.
Source: bondbuyer.com
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New York's MTA Forms Underwriting Groups for Debt Sales
New York’s MTA Forms Underwriting Groups for Debt Sales Bloomberg 12/16/2020 Michelle Kaske © Bloomberg A subway train arrives at a station in New York, U.S., on Thursday, Dec. 10, 2020. New York City had its credit rating cut by Fitch Ratings because of the impact the coronavirus pandemic is having on the city's economy. (Bloomberg) -- New York’s Metropolitan Transportation Authority implemented a new pool of underwriting firms to work on its bond and note sales as declining revenue and ridership challenge the agency’s finances. The MTA’s board approved the new u...
Source: msn.com