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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"The recent outperformance has valuations nearing stretched levels again," Birch Creek Capital said in a weekly report. "If USTs reverse the recent trend higher, we would not be surprised to see munis lag during the rally."
By Lynne FunkAugust 14 -
Another day of mixed inflation data led Treasury yields to rise but munis mostly stayed put after underperforming a UST rally earlier in the week. The market is also focused on the $9 billion of redemption flows coming on Tuesday.
By Lynne FunkAugust 11 -
Refinitiv Lipper reported $278.559 million of inflows into municipal bond mutual funds for the week ending Wednesday, led by exchange-traded funds.
By Lynne FunkAugust 10 -
New York City's $1 billion deal was re-priced to lower yields and a tax-exempt and taxable deal for the NFL's Tennessee Titans new stadium priced.
By Lynne FunkAugust 9 -
Lois Scott inducted into The Bond Buyer's Muni Hall of Fame.
By Lynne FunkAugust 9 -
Carey has worked on hundreds of innovative transactions that span a wide gamut of infrastructure sectors, from project finance and surface transportation to major stadiums and arenas across the country and Europe.
By Lynne FunkAugust 9 -
Municipals followed U.S. Treasuries firmer after markets reacted to the Moody's downgrade of several mid-sized U.S. banks. New issues saw good demand and repriced to lower yields as a result.
By Lynne FunkAugust 8 -
While triple-As were little changed the past two sessions, some damage was done last week, leaving market participants generally less optimistic for the final weeks of August.
By Lynne FunkAugust 7 -
Late summer is "rarely a good time for our asset class," Barclays strategists said, noting the municipal investment grade index lost money in August three years in a row, and 2023 seems to follow this trend.
August 4 -
This week kicks off a flip of calendar to the final month of the summer reinvestment season and one of the larger new-issue calendars of the year.
July 31