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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Daily bid-wanteds totals per Bloomberg have fallen to an average par value below $450 million from $640 million per day during the first quarter and $549 million in the second.
By Lynne FunkAugust 31 -
The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.
By Lynne FunkAugust 31 -
Returns of negative 0.40% would be the third-worst August performance of the past 10 years, according to Bloomberg data.
By Lynne FunkAugust 30 -
Municipal issuers with the biggest threats from physical climate risk also have the largest liabilities for carbon transition.
By Lynne FunkAugust 30 -
Experts agreed that Federal Reserve Board Chair Jerome Powell acknowledged the Fed could start tapering this year and that it would have no implications for liftoff, but not everyone was satisfied with what they heard.
By Gary SiegelAugust 27 -
Trades on alternative trading system platforms are smaller and more likely to involve securities with complex features, according to a new MSRB report.
By Lynne FunkAugust 27 -
Refinitiv Lipper reported $1.9 billion of inflows, high-yield gaining $524 million, the 25th consecutive week of inflows into municipal bond mutual funds.
By Lynne FunkAugust 26 -
The Investment Company Institute reported $2.3 billion of inflows, bringing 2021 totals to $67 billion.
By Lynne FunkAugust 25 -
While municipals were little changed, broader markets remain focused on Jackson Hole and speculating what will be said about tapering.
By Lynne FunkAugust 24 -
U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.
By Lynne FunkAugust 23