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Russia’s invasion upends a return to normal as the economic impact of COVID-19 wanes, UCLA Anderson Forecast economists said.
March 9 -
Ongoing turmoil in the Ukraine is roiling markets, municipals included. Refinitiv Lipper reported more outflows, with high-yield seeing $818.218 million pulled out in the latest week.
March 3 -
Between the long holiday weekend and investors trying to absorb the Russia-Ukraine developments, it was a slow start to the week in the municipal market.
February 22 -
Refinitiv Lipper reported $238.926 million of outflows, but $182.035 million of inflows to high-yield, reversing last week's outflows. New-issues faced concessions.
January 20 -
The 2-, 5- and 10-year UST is higher than before the pandemic began as investors factor in a rate hike as soon as March.
January 18 -
The largest deal of the week comes from the New York City Transitional Finance Authority with $950 million of exempts and $250 million of taxables.
January 14 -
Net supply pressure among tax-exempts is expected to worsen in January compared to last year and the move toward richer tax-exempts is unlikely to reverse. "Dealers seem to be acknowledging this looming challenge," MMA notes.
December 29 -
Investors will also receive $139 billion of interest payments in 2022, about $593 million more than in 2021, according to a report from CreditSights.
December 28 -
Municipals are sitting out the ups and downs in equities and UST, with $12 million scheduled for the primary in the final week of 2021.
December 23 -
“Our state’s strong economic recovery has accelerated back to pre-pandemic levels for unemployment and GDP,” said Gov. Bill Lee.
December 17