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The Federal Reserve said Wednesday in its Beige Book report that U.S. economic growth slipped to a more moderate pace between early July and the end of August.
September 8 -
Refinitiv Lipper reported just over $1 billion of inflows into municipal bond mutual funds, an $800 million drop from a week prior, moving the four week moving average to $1.6 billion.
September 2 -
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 -
While municipals were little changed, broader markets remain focused on Jackson Hole and speculating what will be said about tapering.
August 24 -
U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.
August 23 -
The short end of the muni market saw trading of larger blocks at or below benchmarks but yield curves were little changed on a summer Friday.
August 13 -
Refinitiv Lipper reported $1.87 billion inflows. A solid demand component for the market, but some suggest the move into bonds from equities is more an asset reallocation than investors keen on fixed income.
August 12 -
Another $2 billion-plus was reported flowing into municipal bond mutual funds in the latest week, continuing to be a supportive demand component for munis.
August 11