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.
-
The entire municipal exempt yield curve is seeing consolidation with a 125 basis point spread between one and 30 years, and sub-1% yields are holding firm inside of 15 years.
By Lynne FunkDecember 17 -
ICI reported another $2.3 billion of inflows, new deals continue the march to lower yields and benchmarks rose a basis point seven years and out for the first time since the beginning of December.
By Lynne FunkDecember 16 -
The state of Illinois sold $2 billion of three-year notes to the Federal Reserve's Municipal Liquidity Facility at 3.42%.
By Lynne FunkDecember 15 -
Even with COVID-19-related shutdowns — a New York City lockdown may be imminent — issuers are pricing bonds into an extremely low-rate environment.
By Lynne FunkDecember 14 -
Munis firmed Friday, only the second time in December they weren't flat, and more than a few participants are waiting on yields to rise before getting involved, particularly given the rich muni/treasury ratios and low absolute yields.
By Lynne FunkDecember 11 -
Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.
By Lynne FunkDecember 10 -
The $1,000 denomination Liberty Bond deal aimed to lure socially conscious, retail investors to broaden its investor base.
By Lynne FunkDecember 10 -
COVID-19 brought the primary to a standstill in March and April. The municipal market is now set to eclipse $450 billion of issuance in 2020, a record.
By Lynne FunkDecember 10 -
Dave Rudd, president of 280 Capmarkets and Prescott Nasser, co-founder and chief technology officer, talk about how technology is changing the municipal landscape, the need for the market to focus on ESG and how the industry has made it through COVID and 2020. Lynne Funk hosts. (21 minutes) Recorded on November 12.
By Lynne FunkDecember 10 -
Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.
December 9