-
Municipals closed out October in the red, the third consecutive month of losses for the asset class.
November 1 -
While the FOMC statement will likely have very few changes, the post-minutes release press conference will be the wildcard.
October 31 -
Bond Buyer Senior Reporter Keeley Webster shares an interview with California Treasurer Fiona Ma on her run for lieutenant governor as a prelude to a fireside chat Wells Fargo Director Julia Kim conducted with the state treasurer at The Bond Buyer's California Public Finance conference.
October 31 -
Another month of muni losses "may spark additional sale pressure as some investors throw in the towel, but we suspect any further weakness would represent a strong entry point for [investment grade] buyers," Birch Creek Capital said in a weekly report.
October 30 -
If Treasury rates become "more stabilized," it provides "a good reason to be somewhat constructive on munis for a while," BofA Global Research said in a report.
October 27 -
Investors continue to pull money from muni mutual funds with LSEG Lipper reporting $934.7 million of outflows for the week ending Wednesday after $297 million of outflows the week prior.
October 26 -
Municipal mutual fund losses continued last week — but to a lesser extent — as the Investment Company Institute Wednesday reported investors pulled $1.291 billion from the funds in the week ending Oct. 18 after $2.645 million of outflows the previous week.
October 25 -
Munis experienced some firmness Tuesday, but "whether or not that's going to be for more than a nanosecond remains to be seen," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.
October 24 -
An elevated new-issue market is on the horizon with $14.87 billion, per The Bond Buyer's 30-day visible supply.
October 23 -
The new-issue muni calendar is estimated at $8.522 billion next week with $6.075 billion of negotiated deals on tap and $2.446 billion on the competitive calendar, according to Ipreo and The Bond Buyer.
October 20