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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As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.
By Lynne FunkJanuary 11 -
The employment report showed 140,000 decline in nonfarm payrolls in December, but economists found some positives in the numbers.
By Lynne FunkJanuary 8 -
While COVID-19 ravaged, state and local governments and their agencies sold record bond volume, propping up their budgets and the industry.
By Lynne FunkJanuary 8 -
It was inevitable that muni yields would need to rise somewhat as the UST 10-year broke above 1%, however participants said the supply/demand imbalance will keep munis from rising as quickly as Treasuries. More than $1 billion inflows reported.
By Lynne FunkJanuary 7 -
FOMC members backed maintaining asset purchases, although “a couple” were “open” to “weighting purchases of Treasury securities toward longer maturities,” according to minutes released Wednesday.
By Lynne FunkJanuary 6 -
The growth in issuance in 2020 spread out over the top 10 underwriters, with bulge-bracket firms sharing the wealth.
By Lynne FunkJanuary 6 -
Without the benefit of a larger new-issue calendar, secondary trading is likely to continue the theme of the final two months of 2020: more bidders than bonds.
By Lynne FunkJanuary 5 -
Washington Bureau Chief Kyle Glazier discusses what is in store for munis in 2021, how the SEC and MSRB will function under a Biden administration and what Janet Yellen in the Treasury seat might mean. (12 minutes)
By Kyle GlazierDecember 24 -
Solomon's new role will combine his current responsibilities in the FICC Municipal platform overseeing data strategy/algorithmic trading and municipal opportunity trading units, with the bond sales, trading and underwriting teams.
By Lynne FunkDecember 21 -
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