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Strong technicals, low supply, yield-seekers keep munis outperforming.
December 8 -
The primary's diversity of credits and size relative to November has grown, but it is just not enough to push yields higher as redemptions flood the market. Some analysts still say a mild correction at least is due.
December 7 -
Refinitiv Lipper reported inflows of net $201 million for the week ending Dec. 2, down from $386 million the week prior.
December 3 -
Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.
December 2 -
Munis are likely to lag Treasuries in some fashion once year-end empathy settles in mid-month and ratios become a factor.
December 1 -
The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to address the COVID-19 crisis.
August 5 -
The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.
July 31 -
The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.
May 29 -
The Federal Reserve has been proactive and the secondary market could be next up for assistance.
May 6 -
The primary market remained mostly on the sidelines with issuers slow to jump back into coronavirus-driven volatility while also awaiting Fed engagement.
March 31