Aaron Weitzman currently covers a myriad of municipal topics on the sell side for The Bond Buyer. He is primarily responsible for covering the sell-side of the muni market, and often contributes to the daily coverage of the primary and secondary markets. Aaron also focuses in on bond insurance and underwriting businesses. Previously, he wrote for the fantasy sports website Rotoballer and covered the flooring industry for Hearst Business Media. He holds a bachelor’s degree in English writing from the University of Pittsburgh.
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Larger fund flows, lower supply and optimism surrounding issuer credit post-stimulus allowed for a March price reversal that avoids posting two consecutive months with losses. The consumer confidence index jumped to its highest reading in a year in March.
March 30 -
Municipals continue to outperform Treasuries amid a light holiday-shortened week led by a California tobacco deal.
March 29 -
Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now.
By Lynne FunkMarch 26 -
Refinitiv Lipper reported more inflows into municipal bond mutual funds to the tune of $592.4 million. Initial jobless claims fell to the lowest point since the pandemic began, moving Treasuries weaker while equities saw gains.
March 25 -
ICI reported another week of inflows at $2.23 billion. U.S. Treasuries strengthened further as COVID-19 concerns linger with shutdowns in Germany and spreads elsewhere. Equities were mixed.
By Lynne FunkMarch 24 -
Monday’s economic data suggested weakness, with existing home sales declining for the first time in four months and the Federal Reserve Bank of Chicago’s National Activity Index slipping into negative territory, but economists are not concerned.
March 22 -
Exactly one year after record billions were pulled from municipal bond mutual funds and the market was in free fall, municipals followed U.S. Treasuries this week as the markets continued to dismiss the Fed's outlook on inflation and rates.
By Lynne FunkMarch 19 -
The bond insurer adds a second office in the Lone Star State, where it does a large volume of business.
March 19 -
The Fed remains dovish, although it raised inflation projections and lowered expected unemployment rates, but most participants still see rates at the zero lower bound in 2023.
By Lynne FunkMarch 17 -
A repricing of Illinois GOs saw the bonds bumped by 12 to 20 basis points from Tuesday's preliminary pricing wires and 17 to 25 basis points from Monday's price talk.
By Lynne FunkMarch 16