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The Investment Company Institute on Wednesday reported $2.728 billion of outflows in the week ending March 23, down from $3.615 billion of outflows in the previous week.
March 30 -
Without a reversal in UST or municipal bond mutual fund outflows, munis will continue to be pressured.
March 29 -
With massive secondary selling pressure and a larger calendar, credit spreads are likely to continue to widen.
March 28 -
Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.
March 25 -
Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.
March 24 -
More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.
March 23 -
The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.
March 22 -
Muni performance has been strong as of late, and spreads have actually corrected after a month of gradual widening.
March 21 -
Next week's potential volume is slated to be $7.7 billion. The largest deal of the week comes from New York City with $891 million of tax-exempt general obligation bonds. Recent New York paper traded up Friday.
March 18 -
The MSRB has issued a warning that with the rise in interest rates in recent months, bonds trading at a discount may be less liquid than those trading at par.
March 18