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While move-outs still outpace move-ins, the rate at which people are leaving has slowed and returned to near pre-pandemic patterns. A return by workers to offices is also rising, but occupancy in the city remains lower than almost all major metropolitan areas in the U.S. except for San Jose and San Francisco in California.
October 8 -
ICI reported $1.99 billion of inflows into municipal bond mutual funds, bringing the total to $69 billion for 2021.
September 1 -
Daily bid-wanteds totals per Bloomberg have fallen to an average par value below $450 million from $640 million per day during the first quarter and $549 million in the second.
August 31 -
Returns of negative 0.40% would be the third-worst August performance of the past 10 years, according to Bloomberg data.
August 30 -
Experts agreed that Federal Reserve Board Chair Jerome Powell acknowledged the Fed could start tapering this year and that it would have no implications for liftoff, but not everyone was satisfied with what they heard.
August 27 -
With all eyes on Friday’s employment report, since several additional strong months of gains are needed for the Federal Reserve to be comfortable announcing a tapering of its asset purchases, Wednesday’s news could signal trouble.
August 4 -
Muni participants await a new month with growing issuance, but perhaps not quite enough as issuers are hesitant to add more debt before final word from Washington on infrastructure.
July 30 -
The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.
July 8 -
Municipal bond issuers in the State of New York accounted for half of the top 10, while issuers from California held two of the top four spots.
April 9 -
Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now.
March 26