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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Strong technicals, low supply, yield-seekers keep munis outperforming.
By Lynne FunkDecember 8 -
The primary's diversity of credits and size relative to November has grown, but it is just not enough to push yields higher as redemptions flood the market. Some analysts still say a mild correction at least is due.
By Lynne FunkDecember 7 -
A heavier calendar still will not fulfill the $20 billion-plus of December redemptions. Muni/UST 10-year ratios fell to 74% as the UST 10-year came closer to 1.00%.
By Lynne FunkDecember 4 -
Refinitiv Lipper reported inflows of net $201 million for the week ending Dec. 2, down from $386 million the week prior.
By Lynne FunkDecember 3 -
Morgan Stanley's Michael Zezas, managing director, head of public policy research and municipal credit strategy, discusses how muni credit strategy and analysis has adapted in a volatile year, what a Biden administration means for munis, and where opportunities lie for investors and issuers alike. (30 minutes).
By Lynne FunkDecember 3 -
Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.
By Lynne FunkDecember 2 -
Munis are likely to lag Treasuries in some fashion once year-end empathy settles in mid-month and ratios become a factor.
By Lynne FunkDecember 1 -
After volume in November came in around $19 billion, the lowest since 1999, investors look to December.
By Lynne FunkNovember 30 -
It is unclear how or if the merger will affect IHS Markit's current work in the municipal space, but the firm had already been expanding its reach on a global scale.
By Lynne FunkNovember 30 -
Large blocks of New Jersey paper changed hands with yields that pushed spreads below 100 basis points on some maturities for the recently downgraded state.
By Chip BarnettNovember 19