Lynne Funk is Executive Editor at The Bond Buyer. She leads markets coverage, is The Bond Buyer's Arizent Research Team liaison and contributes to Bond Buyer Conferences, Leaders and podcasts. Lynne previously worked on policy and markets at Municipal Market Analytics and in the Policy and Public Advocacy at the Securities Industry and Financial Markets Association.
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Hawkish Fed comments caused UST yields to rise by as much as 17 basis points, just as munis had caught a bid. The new-issue market fared well in digesting large deals amid the volatility.
April 5 -
Municipals have taken a hit in the first months of 2022, but higher yield levels and cheaper ratios have offered possibilities for both retail and institutional buyers, analysts say.
April 4 -
The $600 million deal is the authority's first 100% green transaction and it is also the first ever with bonds backed solely by revenue earned from specific transmission projects instead of the authority's general credit.
By Lynne FunkApril 4 -
More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.
March 23 -
The data DPC's new MuniESG uses includes both physical risk and carbon transition risk scores for more than 90% of local governments and school districts in the U.S.
By Lynne FunkMarch 18 -
As 2022 unfolds, a confluence of challenges has affected pricing, trading and fund flows in the muni market.
By Lynne FunkMarch 15 -
As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.
March 7 -
The Investment Company Institute on Wednesday reported $2.637 billion of outflows in the week ending Feb. 23, down from $3.120 billion of outflows in the previous week.
By Lynne FunkMarch 2 -
All markets, but particularly municipals, are in uncharted territory once again, with volatility amplified by the crisis in Ukraine and a still somewhat uncertain path for the Federal Reserve and inflation.
By Gary SiegelFebruary 28 -
The new-issue calendar is $5.45 billion while 30-day visible supply sits at $11.14 billion. The largest deal of the week comes from the New York City Municipal Water Finance Authority with $793.83 million.
February 25