Last week’s new-issue supply volume of $12.7 billion was the largest so far this year, said Patrick Luby, senior municipal strategist at CreditSights, but this week’s anticipated $5.7 billion, $1.3 billion…
“We consider the broad tax base, inclusive of suburbs and exurban areas around New York City, to be a key credit strength, particularly given the uncertainty around city life per…
“The size of the deal broadens the appeal and the timing — coming so closely after the enactment of the American Rescue Plan and the certainty of federal aid —…
Patrick Luby, a municipal strategist at CreditSights, attributed that growth to a rise in taxables. The effects of the 2017 Tax Cuts and Jobs Act, caused corporate investors to have a…
“Even though fund flows have been positive and the new-issue calendar appears to be manageable, the weakness in the bond markets coupled with the prospect of a slowdown in reinvestment…
There is not a one size fits all approach, Patrick Luby, municipal strategist at CreditSights, told The Bond Buyer. “If there is standardized disclosure or a higher level of comfort around…
Howard Sitzer, a senior analyst of municipals at CreditSights and a fixture in the muni bond world, is remembered for his deep knowledge, his industry relationships and his personal touch. Sitzer died…
Liquidity is just not free, said Patrick Luby, senior municipal strategist at CreditSights. “If the bid-ask spread is getting wider, then you know that the market is getting less liquid, that…
The Fed’s rate is expensive, but it is a good approach, said Patrick Luby, a senior municipal strategist at CreditSights. “It’s expensive, but I also think that it will be easier…
“We expect strong buying interest for these bonds because the issuer has not been in the market for several years and also because of the recent outperformance of power bonds,”…