Municipal bond funds reported outflows for the first time in 10 weeks.
Funds that report weekly said flows came in at negative $790.3 million for the week ending July 9, following inflows of $193.6 million the week before, according to Lipper FMI.
Market participants said that fund flows this week would show the true impact of Puerto Rico's sell-off on the broader municipal bond market.
Full Story to follow
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
