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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Some investors expressed concern over the market‘s muted reaction to the country’s depth of effects over the current crises.
By Lynne FunkJune 1 -
Tightening spreads and low yields ended the month as demand for municipal bonds is expected to overwhelm $6 billion in volume heading to the primary.
By Lynne FunkMay 29 -
Municipal to U.S. Treasury ratios have been a focus for many participants of late. Historically attractive ratios, low supply, and continued fund inflows are creating some strength in the municipal market.
By Lynne FunkMay 28 -
Even with the news that New York City is looking to potentially borrow $7B through its Transitional Finance Authority as it faces $9B in lower revenues, the market didn’t blink and TFAs traded firmer.
By Chip BarnettMay 27 -
Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.
By Lynne FunkMay 26 -
The primary supply for the holiday-shortened week is projected to dip to just over $4 billion, with a mix of tax-exempt and taxable issuance led by Colorado’s $500 million of certificates of participation.
By Lynne FunkMay 22 -
Taxable equivalent yields on exempts are close to converging into taxables.
By Lynne FunkMay 21 -
Municipal to U.S. Treasury ratios were attractive, especially on the short end, which drove secondary yields lower.
By Lynne FunkMay 20 -
The front of the municipal yield curve is 'astounding' and traders said dealers are uncharacteristically accepting the levels, likely due to the historically attractive ratios.
By Lynne FunkMay 19 -
The primary was up and running Monday with Connecticut’s $850M offering for retail while many Texas issuers were active on the heels of the Fed news that it is open for business for munis.
By Chip BarnettMay 18