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.
-
Municipals outperformed U.S. Treasuries for a third sessions moving the 10-year municipal to UST ratio below 60%.
By Lynne FunkJuly 13 -
Most participants expect better performance for munis in the near-term. Longer-term, a lot depends on rates, COVID and other outside factors, such as infrastructure.
By Lynne FunkJuly 12 -
While municipals hit the pause button Friday, the movement in yields in the first week of July marked the largest one-week decline in 2021.
By Lynne FunkJuly 9 -
Pedro Pierluisi proposed two measures as an alternative to Law 7-2021, over which the Oversight Board sued the governor and the legislature a week ago.
By Lynne FunkJuly 9 -
Fund inflows are a demand component unlikely to slow during the heavy reinvestment season, keeping the yield environment squarely in issuers' favor.
By Lynne FunkJuly 8 -
PFM Asset Management will continue to operate as a separate entity. The deal does not affect PFM’s financial advisory business which will continue to operate independently.
By Lynne FunkJuly 8 -
More of the same from the FOMC did little to move UST or munis. ICI reported the 17th consecutive week of inflows at $1.98 billion. July is looking good for municipal issuers.
By Lynne FunkJuly 7 -
U.S. Treasury 10- and 30-year yields hit February lows. Large blocks of high-grades in secondary trading led triple-A benchmarks to lower yields by two to four basis points across the curve.
By Lynne FunkJuly 6 -
High-yield municipal bond returns are more than 6% so far in the year as Nuveen expands its reach in the sector with a new "interval" high-yield fund.
By Lynne FunkJuly 6 -
With better-than-expected payrolls, economists still caution full recovery is a ways away. Muni participants are closely following how the Fed's action — or inaction — will affect the municipal market going forward.
By Lynne FunkJuly 2