Lastest muni bond calendar updates

This morning we have refreshed our online database of upcoming municipal bond auctions. The latest set of offerings include: $5.5 billion State of Texas $2 billion State of New Jersey $800 million State of Ohio $500 million State of Illinois $300 million State of Minnesota

Upcoming Municipal Bond database updated today

Today (May 15) we updated our online database of upcoming municipal bond auctions with 722 new issues. These include a $1 billion offering in Florida, a $750 million offering in California, and a $600+ million offering in Pennsylvania. For just $99 you can start your 1-year subscription to the Brinker Fixed Income Advisor today.

Muni bond offerings updated 4/16/2009

Today we refreshed our online database of upcoming muni bond offerings with 619 newly announced deals across the country. Subscribers may access on the online database at www.BrinkerAdvisor.com.  Below are some of the largest deals: $833 million City of NY $650 million New Jersey Turnpike Auth $600 million Miami-Dade Country $440 million [...]

Municipal bond offerings – updated 2/13/2009

This morning we have reloaded our online database of upcoming municipal bonds. More than 550 upcoming offerings have been published. A few notable deals include a $614 million g.o. from the State of Georgia, a $525 million g.o. from the Commonwealth of Massachusetts, and a $300 million g.o. from the State of Connecticut.  The largest [...]

Municipal bond prices up, yields down

Below are two current general obligation municipal bond offerings. The first is a $430 million offering from the State of Massachusetts. The second is a $300 million offering from the State of Connecticut. A quick look at the pricing on these deals shows that yields have fallen quite a bit in the past several weeks. [...]

Upcoming Municipal Bond Offerings – Feb 2009

Our database of Upcoming Municipal Bond Offerings was updated today. The largest offering is a $950 million offering from Los Angeles Unified School District. There is also a triple-A $600+ million state g.o. offering from the State of Georgia. In all, 160 new offerings have been uploaded.

Upcoming Municipal Bond Offerings

Our database of Upcoming Municipal Bond Offerings was updated this morning and includes upcoming state g.o. bonds in Delaware, Minnesota, and Washington among others. The largest offering is a $1 billion State Personal Income Tax Revenue Bond from Empire State Development Corporation in NY. Salt River Project (SRP) in AZ has a $750 million offering.

Muni’s tax-exempt status upheld

Today the U.S. Supreme Court voted 7-2 to uphold a state’s right to provide tax-exempt status to in-state municipal bonds. Read full WSJ story The ruling overturns a Kentucky appeals court holding that had said the practice violates the U.S. Constitution because it discriminates against out-of-state bonds. The outcome means the opinion will require no [...]

Kentucky v. Davis update

Bloomberg provides this update on the Kentucky v. Davis Supreme Court decision. It is taking awhile to get a ruling. The court heard arguments Nov. 5 on the special tax breaks that 42 states provide to municipal bonds issued within their borders. At the time, many analysts and lawyers predicted a quick decision that would [...]

Kentucky Department of Revenue v. Davis

NYTimes has a summary of the Supreme Court oral arguments made in this case on Monday. The big question seems to be: Are munis more like milk or garbage? My best guess – and it is only a guess – from the questioning is that the court will send the case back to Kentucky with [...]

Kentucky muni bond legal case

Bloomberg has an update on the Kentucky muni bond case. You can read it here. As each decision date passes, it looks like the court is going to take a pass. The court might instead decide a case it heard back in January that raises similar issues — United Haulers v. Oneida-Herkimer Counties — and [...]