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The article reports on pitfalls for New York Municipal Assistance Corp.'s (MAC) bond. It is reported that one of the major pitfall for the bond is a law recently passed by the state legislature. The law requires that individual city noteholders have to roll over their notes maturing between now and June 30, 1976, into 10-year MAC bonds, or forego payment of their principal for three years while receiving an interest rate of 6 percent on their notes.

Municipal bonds were little changed to slightly firmer on the short end Friday after a week in which the longer end of the yield curve brought yields back to early July levels, with pressure from more supply and a weaker U.S. Treasury market. "The flatness of A-rated and BBB-rated spreads only indicates that muni investors are probably searching for spread with their new money in other corners of the market, such as high-yield or investment-grade low-coupon bonds", they said. "Macro conditions remain supportive of credit strengthening, and muni market supply/demand conditions provide no room for widening as the pressure is still on the tightening direction.". [Extracted from the article]

The article reports on the plan of the New York State Environmental Facilities Corp. to sell about $484.3 million of tax-exempt, fixed-rate bonds on March 13, 2007 to take out commercial paper sold by the New York City Municipal Water Finance Authority to fund its ongoing capital program. In addition, the serial bonds will comprise of $212.5 million of senior-lien bonds and $271.8 million of lower-ranking bonds with maturities of up to 30 years.

Presents the absence of patterns indicating the demand for municipal bond issued from New York City according to the opinion of financial consultants. Tepidity of market response according to Dennis Beezley, municipal trader from Glen Rauch Securities; Investors' confidence for New York City's financial future according to Don Weidenfield from J.W. Charles Securities.

On the negative side, the city government's finances are being buffeted by the costs of absorbing a wave of migrants and are increasingly being hit by lower commercial property values. Reduced occupancy of New York City office buildings is leading to reduced city real estate tax revenue. New York City is set to bring more than $1 billion of general obligation bonds starting Tuesday amid an influx of New York paper in the market and growing fiscal headwinds led by a wave of migrants into the city and declining commercial real estate values. [Extracted from the article]

Investors will snap up the more than $2 billion of New York State personal income tax revenue bonds entering the market Tuesday despite the state's near-term budget risks stemming from coronavirus-induced revenue losses, according to analysts. The transaction is pricing at an opportune time, according to Greg Saulnier, municipal analyst at Refinitiv MMD, with investors seeking high-yield paper in a low-yield environment. Spread tightening for lower-rated investment-grade credits, such as the recently sold New York Transportation Development Corp.'s John F. Kennedy International Airport Project special facility revenue refunding bonds, reflects the likely demand for Tuesday's deal, he said. [Extracted from the article]

"You would think that the voters would be a hurdle to being able to issue debt, which is the reason that many of these other states use these other forms of debt to evade the limits on general obligation debt", Washburn said. How much debt does New York State have outstanding and how is it issued? The reforms offered include having the state clearly show which debts are the direct responsibility of state government, adopting administrative controls over the overall debt portfolio and increasing transparency over all categories of debt. [Extracted from the article]

The Volcker Alliance looks at the state's outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight. [ABSTRACT FROM AUTHOR]

Moody's Investors Service said it has upgraded the New York State Power Authority's (NYPA or the Authority) approximately $1.1 billion of revenue bonds outstanding to Aa1 from Aa2, and affirmed its short-term ratings for commercial paper and variable rate bonds at P-1 and VMIG 1 respectively. [ABSTRACT FROM AUTHOR]

The market is prepping for $7.5 billion of new paper that is set to hit the market, as more than $50 billion in August redemptions free up cash to buy bonds. [ABSTRACT FROM AUTHOR]

New York City Comptroller Scott Stringer announced two policies to modernize procurement processes for vendors. [ABSTRACT FROM AUTHOR]

Reports on the important developments that influenced the United States municipal bond market in 1998. Increased market volatility; Allegheny Health, Education, and Research Foundation bankruptcy; Long Island Power Authority deal; Robust municipal volume; Low interest rates; Federal Reserve Board easings; Rocky equity market; High ratios of municipal yields compared with Treasuries.

Reports on the resurgence of retail investors' interest in municipal bonds in the United States, prompted in part by high-profile deals such as the Long Island Power Authority's (LIPA) $1.2 billion bond offering in New York. Appeal of longer-term paper for investors; Outcome of the LIPA deal; Interest in 20-year bonds; Bonds driving investors' interest.

The municipal bond market saw another big wave of supply sweep in on Wednesday, led by issuers in Connecticut, Pennsylvania, Hawaii and New York. [ABSTRACT FROM AUTHOR]

The article reports on the situation of the municipal bond market in New York which continues to hammer away at long-term tax-free bonds as dealers question whether there is sufficient capacity to absorb a bombardment of new paper.

The article discusses the performance of New York State bonds from 1975 to 1976. The author describes the yields of ten-year state bonds during the New York City fiscal crisis and compares them to the yields of Delaware State bonds. Topics mentioned include the reporting of the New York City financial crisis, the bonds of the New York Municipal Assistance Corp., and the municipal bonds of Niagara Falls, New York.

Reports on the effect of deals of New York City Transitional Finance Authority and the Long Island Power Authority on the bond market of New York State. Management of revenue deal by finance company Morgan Stanley; Factors supporting the demand of municipal bond in the market; Impact of the deals on the instability of the municipal market; Estimation of changes in municipal bond yield according to year.

Discusses developments related to United States municipal bonds as of April 16, 2001. Value of the New York City Municipal Water Finance Authority revenue refunding; Maturity date of the securities offering from Colorado Water Resource and Power Development Authority; Attraction of Sacramento City, California Finance Authority's capital improvement revenue issue.

Reports on three planned municipal bond issues in New York State in July 2000. Amount of issues by the State of New York Mortgage Agency, New York State Environmental Facilities Corp. and the City of New York; Names of underwriters; Ratings for the deals; Reasons for positive prospects for the deals.

The article reports on the engagement of small investors in New York City on municipal bond portfolios in 1963. It states that though the new venture is risky to these capitalists, they are still interested in tax-exempt income. It highlights some large companies which sponsored the beginners in the business including Morgan Guaranty Trust Co. and John Nuveen & Co. Inc.

Reports on New York City's sale of revenue anticipation notes. Uncertainty in the note market due to fears from the Year 2000 computer problem; Expectations on the transformation of New York Rans into weekly floaters.

Looks at the performance of municipal bonds in New York City and State as of July 21, 1998. Portfolio managers' holding on to yield-producing paper; Approach by USAA Investment Management; Large number of advance refundings that have resulted from New York City and New York State's solid economic condition; Fund performance by sector.

The article reports on the municipal bond market in New York which continues to hammer away at long-term tax-free bonds as dealers question whether there is sufficient capacity to absorb a bombardment of new paper. It states that Triple-A rated tax-free bonds with maturities 25 years or more lessened by three basis points, with the 30-year yield ticking up to 3.93%. It notes that the tax-exempt market rallied on the heels of the Federal Reserve's quantitative easing announcement.

Municipal bonds held firm Wednesday as deals swarmed into the market from issuers in Virginia, New York and Texas. [ABSTRACT FROM AUTHOR]

"Everyone is reevaluating and taking a breather after the numbers [on Tuesday]," a New York trader said. [ABSTRACT FROM AUTHOR]

Municipal bonds remained steady on Wednesday as investors assessed new issuances in the primary market, while U.S. Treasuries experienced a decline after a rally the previous day. Municipal yields were relatively unchanged, while UST yields increased on the short end. The municipal-to-Treasury ratios have fallen since the beginning of the month. In the primary market, Wells Fargo Bank priced $215 million of homeownership mortgage bonds for the South Dakota Housing Development Authority, and J.P. Morgan Securities priced $175.530 million of non-AMT deep-water port revenue bonds for the Louisiana Offshore Terminal Authority. Municipal mutual fund losses slowed, and exchange-traded funds saw inflows. The market rally in November has lessened October losses, but rates will continue to be influenced by factors such as geopolitics, macroeconomic risks, Fed policy uncertainty, and potential bond issuances by states and municipalities. The market is expected to slow down next week due to the Thanksgiving holiday. The New York trader noted heavy bid wanted lists, which could affect profitability at year-end without new deals. The Bond Buyer 30-day visible supply is $6.29 billion. Refunding deals may increase if rates continue to drop. The rally in the market was driven by the consumer price index number, which slowed to 3.2% last month, and speculation that the Federal Reserve Board may stop raising rates. AAA scales and yield curves remained relatively unchanged. Treasuries were weaker. In the primary market, [Extracted from the article]

The article discusses the structure of bond deals issued by the New York City Transitional Finance Authority (TFA) in July and April 2014, which appealed to a diverse range of investors. It discusses the issuance of deals by the Authority in two parts, as multi-model bonds with an optional mandatory tender and as variable rate debt, and the spread between the April and July issuance. It presents views of Alan Anders, deputy director at the mayor's Office of Management and Budget, on the deal.

The article reports that the New York City Municipal Water Finance Authority plans to deal $499.5 million of bonds on its first resolution to take commercial paper and refund $37 million of outstanding debt. According to Thomson Financial, the authority has also sold $13.63 billion of bonds since 1998, including $2.14 billion this 2007.

Reports on the increasing demand for the New York municipal bonds and bond funds. Bond sale by the Metropolitan Transportation Authority; Insurance of the bonds due 2019 through 2032 by Financial Guaranty Insurance Co.; Impact of the federal economic stimulus package granted authorization in private-activity bonds on debts.

Reports on the expected sales of municipal bonds in New York City. Approval of the refinancing plan of the New York City Metropolitan Transportation Authority; Amount of bonds to be issued by the Empire State Development Corp.

Municipal bond buyers are patiently awaiting sizable new issues to set the tone for the rest of the week. [ABSTRACT FROM AUTHOR]

"There was strong demand for the Pennsylvania Housing Finance Authority deal, which was three times oversubscribed," said a New York trader. [ABSTRACT FROM AUTHOR]

The article reports on the impact of the high court's ruling to uphold the lower court's decision concerning the Kentucky versus Davis Supreme Court case towards the municipal bond market in New York and California. States with high income taxes and frequent issuers could encounter major changes to the way their bonds are sold. It is covered that the attorneys of the Davis family will argue before the high court that states cannot tax interest on out of state bonds while taxing in-state bonds.

The article discusses a potential second New York financial crisis relevant as of December 15, 1977. The author focuses on the New York City's November 10, 1977 Preliminary Official Statement and the 1977 "Municipal and Government Manual" prepared by ratings analyst Moody's. Topics include federally guaranteed New York issues such as the Public Housing Authority (PHA) bonds, called HAAs, New York City Mayer Abraham Beame, and the July 1978 renewal of the federal loan to the city.

The article presents information on the increase in municipal bond financing in New York during 1976, with municipal bonds worth 19.8 billion dollars raised by state and local governments in the long-term bond market during the first seven months of the year.

The article presents information on the financial crisis of New York State, caused by the decline in municipals market. It states that, New York City and its agencies have been most affected by the decline. It also states that, the city will get financial help from the state government to overcome the crisis.

The article reports on a 2.3 billion dollars financial plan approved by the New York legislature. It informs that the plan is divided into three parts. It tells that a part of the plan calls for the state to borrow 750 million dollars over three months to lend to the New York City for one year. It further informs that another part needs state and city pensions to purchase approximately 725 million dollars in Municipal Assistance Corp. (MAC) bonds.

Reports on the declining municipal bond market issuance in New York. Escalation of interest rates; Result of the low-rate economy; Response of the market participants on the issuance prediction.

Reports on the plan of New York City's Lenox Hill Hospital to enter the municipal market in spring 2001. Hospital's issuance of $147 million in debt through the New York State Dormitory Authority; Expected amount to be issued by the hospital in health care debt for the year 2001.

In the competitive market Thursday, the New York Urban Development Corp. sold $1.443 billion of tax-exempt personal income tax revenue bonds. [ABSTRACT FROM AUTHOR]

The article looks at the municipal bond calendar of New York State in 2015 which includes the anticipated slowdown in first quarter bond sales and the expected issuance of new municipal bonds during the year.

New York State is looking at a slower first quarter bond sales calendar than a year ago, but plenty of new issuance is still forecasted. [ABSTRACT FROM AUTHOR]

Standard & Poor's Ratings Services said it has raised its long-term rating on the New York State Power Authority's (NYPA) $1.1 billion of senior debt to AA from AA-minus. [ABSTRACT FROM AUTHOR]

Focuses on the status of Neuberger & Berman's municipal bond business in New York state. Losses sustained by the firm after it introduced a bond fund in 1994; Option by the company to liquidate assets into private accounts to prevent similar losses.

Reports on the expectations regarding Long Island Power Authority's (LIPA) entry to the municipal bond market with its $3 billion fixed-rate sale on May 13, 1998 in Long Island, New York. Increase in demand because of the extensive marketing campaign for the bond issue; Rating given to LIPA's bond by several investment ratings firms; Range of the estimates of possible yields on the bonds.

New York Dormitory Authority school bonds and Northwell Health priced and upsized, while Wisconsin and Oregon offered general obligation bonds. Analysts say municipal curves are oversold, creating a buying opportunity. [ABSTRACT FROM AUTHOR]

The article informs that the municipal bonds in New York crossed 3.00 percent for the first time since April 2011 and moved eight basis points softer in an illiquid and light trading session as of September 4, 2013.