Christine Albano is a reporter in the Investor’s & Investing beat, which she has covered for the past two decades. She has a wide range of buy side sources in the municipal market and has covered trends affecting retail investors, institutions, municipal mutual funds, tax-exempt money market funds, and the high-yield beat. She has also written about some of the industry’s biggest issues, such as historic defaults in Orange County, Calif., Puerto Rico, and Jefferson County, Ala., as well as the collapse of the variable-rate demand market. In addition, she reported on the subsequent 2008 financial crisis, and the death of municipal bond pioneer Jim Lebenthal. She provided next day coverage of the impact on the municipal bond market of the Sept. 11 terrorist attacks on the World Trade Center, and recently interviewed The Vanguard Group Inc. founder, former chief executive officer, and investment guru John C. Bogle about the best investing advice for the municipal market.
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Taxable munis have posted the highest returns among all fixed-income indexes this year, BofA said.
By Chip BarnettDecember 22 -
Paltry supply will force the secondary to handle the rest of 2020; New York City taxable general obligation bonds trade up by nearly 20 basis points on intermediate bonds.
By Lynne FunkDecember 18 -
The entire municipal exempt yield curve is seeing consolidation with a 125 basis point spread between one and 30 years, and sub-1% yields are holding firm inside of 15 years.
By Lynne FunkDecember 17 -
Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.
December 9 -
Strong technicals, low supply, yield-seekers keep munis outperforming.
By Lynne FunkDecember 8 -
A heavier calendar still will not fulfill the $20 billion-plus of December redemptions. Muni/UST 10-year ratios fell to 74% as the UST 10-year came closer to 1.00%.
By Lynne FunkDecember 4 -
Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.
By Lynne FunkDecember 2 -
Munis are likely to lag Treasuries in some fashion once year-end empathy settles in mid-month and ratios become a factor.
By Lynne FunkDecember 1 -
After volume in November came in around $19 billion, the lowest since 1999, investors look to December.
By Lynne FunkNovember 30 -
The Investment Company Institute reported municipal bond funds saw $2.675 billion of inflows in the latest reporting week.
By Chip BarnettNovember 25