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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The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation.
By Lynne FunkOctober 5 -
Challenges abound in meeting the needs of both investors and issuers in incorporating environmental, social and governance factors into the municipal market. Jasper Cox, Fixed Income Analyst at the PRI, Principles for Responsible Investment, gives insights into how the market can adapt. Lynne Funk hosts. (23 minutes)
By Lynne FunkOctober 5 -
Municipals took a breather Monday, largely ignoring stock market volatility and softer U.S. Treasuries, ahead of a solid $9 billion new-issue week.
By Lynne FunkOctober 4 -
Ratios have moved into a higher, more favorable range, especially in the belly of the curve. The municipal calendar is building, led by taxables and refundings, after they dropped significantly in September.
By Lynne FunkOctober 1 -
The lower inflows and high-yield outflows can be tied to the correction over the past week and may point to uncertainty from retail investors over broader market volatility.
By Lynne FunkSeptember 30 -
With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.
By Lynne FunkSeptember 29 -
Municipals have not tracked directly with the UST moves, where the 10- and 30-year UST has risen 24 and 26 basis points, respectively, from Wednesday. Municipals have seen yields rise by 16 and 11 basis points.
By Lynne FunkSeptember 28 -
Month-to-date returns for municipals are in the red with the Bloomberg Fixed Income Indices municipal index returning -0.12%, high-yield at -0.15% and taxables at -0.32%.
By Lynne FunkSeptember 24 -
U.S. Treasuries sold off by double digits while municipals cut levels by one to three basis points. Refinitiv Lipper reported another $1.55 billion of inflows for the 29th consecutive week.
By Lynne FunkSeptember 23 -
Municipals continue to stay in their own lane. ICI reported $1.4 billion of inflows in the 28th consecutive week.
By Lynne FunkSeptember 22