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Selling pressure was on the rise again this week. Thursday's $2.919 billion of bonds out for the bid was only surpassed on March 19, 2020, when they hit $4.115 billion. A larger calendar closes out October.
October 21 -
"The curve slope has undergone a massive flattening this year and recent trends suggest demand pockets are developing in specific ranges," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.
October 20 -
Outflows continued as investors pulled $4.532 billion from mutual funds in the week ending Oct. 12 after $5.172 billion of outflows the previous week, according to the Investment Company Institute.
October 19 -
Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut and Massachusetts pricing general obligation bonds, a large CommonSpirit healthcare and several competitive issues led by Rhode Island GOs.
October 18 -
Volume rebounds eightfold this week with a new-issue calendar of $8.5 billion, including several billion-dollar deals.
October 17 -
"Despite a pick-up in volatility in the rates market, municipals have been performing relatively well in October," according to Barclays PLC.
October 14 -
The Kansas Corporation Commission approved a $92.7 million securitization for Atmos Energy. It had already approved $328 million for Kansas Gas Service.
October 14 -
Refinitiv Lipper reported $2.262 billion of outflows from municipal bond mutual funds for the week ending Wednesday after $2.057 billion the week prior.
October 13 -
The Investment Company Institute reported $5.128 billion of outflows for the week ending Oct. 5 after $5.374 billion of outflows the previous week.
October 12 -
Munis are in the black so far in October and some participants see signs of continued improvement.
October 11