Municipal Bonds “A Powerful New Appeal” – New Issue Schedule Week 022618
February 26, 2018   //   by Mischler MarCom   //   Muni Market  

Municipal Bonds: New Federal Tax Laws Give Muni Bonds “A New Appeal”;  This Week’s New Issue Schedule   Mischler Muni Market Update looks back to last week’s metrics and provides a lens on municipal bond new issues scheduled for this week.  As always, the Mischler Muni Market Outlook provides public finance investment managers, institutional investors focused on municipal debt and muni bond market participants with a summary of the prior week’s municipal bond market activity, including credit spreads and money flows, and a look at pending municipal finance offerings tentatively scheduled for this week’s issuance.

Last week muni volume was about $5.3 billion. This week volume is expected to be about $4.8 billion. The negotiated market is led by $650.0 million for The Black Belt Energy Gas District, Alabama. The competitive market is led by $837.0 million general obligations for Baltimore County, Maryland, $346.0 million bonds in 2 bids on Wednesday and $491.0 million BAN’s in 2 bids on Thursday.

This past Sunday edition of the New York Times published an interesting snapshot re “new appeal” provided by municipal bonds consequent to the recently-passed federal tax legislation. While ‘academic’ for the universe of municipal debt analysts and professional muni fund managers, the narrative is topical and could be insightful to those who don’t subscribe to the publication. The piece written by NYT reporter Carla Fried is via this link

Below and attached is neither a recommendation or offer to purchase or sell securities. Mischler Financial Group is not a Municipal Advisor. For additional information, please contact Managing Director Richard Tilghman at 203.276.6656

For reading ease, please click on image below

municipal-bond-new-issuance-scheduled-022618

During the past two years alone, minority broker-dealer Mischler Financial Group Inc.’s  presence across the primary Primary Debt Capital Markets (DCM) space has included underwriting roles in which Mischler has led, co-managed and/or served as selling group member for more than $600 Billion (notional value) in new debt and preferred shares issued by Fortune corporations, as well as debt issued by various municipalities and US Government agencies.

Mischler Financial Group is the securities industry’s oldest minority broker-dealer owned and operated by Service-Disabled Veterans. Mischler is also a federally-certified Service-Disabled Veteran-Owned Business Enterprise (SDVOBE).  Mischler Muni Market updates and Municipal Debt New Issuance outlooks are provided as a courtesy to institutional clients of Mischler Financial Group, Inc.

This document may be not reproduced in any manner without the permission of Mischler Financial Group. Although the statements of fact have been obtained from and are based upon sources Mischler Financial Group believes reliable, we do not guarantee their accuracy, and any such information may be incomplete.  All opinions and estimates included in this report are subject to change without notice.  This report is for informational purposes and is not intended as an offer or solicitation with respect to the purchase or sale of any security.   Veteran-owned broker-dealer Mischler Financial Group, its affiliates and their respective officers, directors, partners and employees, including persons involved in the preparation of this report, may from time to time maintain a long or short position in, or purchase or sell a position in, hold or act as market-makers or advisors or brokers in relation to the securities (or related securities, financial products, options, warrants, rights, or derivatives), of companies mentioned in this report or be represented on the board of such companies. Neither Mischler Financial Group nor any officer or employee of Mischler Financial Group or any affiliate thereof accepts any liability whatsoever for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.

Municipal Bonds: New Federal Tax Laws Give Muni Bonds “A New Appeal”;  This Week’s Municipal Bond New Issue Calendar