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The Investment Company Institute Wednesday reported large inflows into municipal bond mutual funds, with investors adding $2.066 billion to funds, while exchange-traded funds saw $1.082 billion of outflows for the week ending Jan. 10.
January 17 -
Munis have "struggled to get out of starting gate" to start 2024 as munis are returning negative 0.24% so far this year, said Jason Wong, vice president of municipals at AmeriVet Securities.
January 16 -
The tax-exempt market could also see pressure due to "heavy issuance, anemic flows, and rate volatility," according to Barclays PLC.
January 12 -
The top two municipal bond insurers wrapped $31.845 billion in 2023, up 10.4% from the $28.847 billion of deals in 2022, according to Refinitiv data.
January 12 -
The December consumer price index came in slightly stronger than expected, perhaps eliminating the possibility of a rate cut in March, analysts said.
January 11 -
BlackRock's Peter Hayes talks demand, liquidity challenges and how the muni industry has changed during his 35-year career — and where it's headed. Lynne Funk hosts.
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There were several ways Adaje could integrate ficc.ai's offerings into its system, the most impactful would be tender offering analyses, said Dan Silva, Adaje CEO.
January 11 -
The one-year was cut up to eight basis points, depending on the scale.
January 10 -
The offered curve is "still deeply overbought" at all maturities outside of one year, which is "a signal for issuers and sellers to become aggressive," said Matt Fabian, a partner at Municipal Market Analytics.
January 9 -
Since November, 10-year munis have fallen 130 basis points, according to Refinitiv MMD. This has pushed ratios to near-record lows, said Jason Wong, vice president of municipals at AmeriVet Securities.
January 8