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Munis Strengthen as Issuance Flows in
Top-shelf municipal bonds ended Tuesday lower, as yields on some maturities were down as many as four basis points, according to traders. The first of the week’s issuance started to trickle in as well.  more »
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.530% high rate, up from 0.510% the prior week, and the six-months incurred a 0.580% high rate, off from 0.590% the week before. more »
The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.520% high yield, a price of 99.959556. more »
Top-shelf municipal bonds were mostly stronger on Tuesday after midday, as yields on some maturities fell as many as four basis points, according to traders. The first of the week's issuance started to trickle in. more »
The largest municipal bond insurer said its subsidiary Assured Guaranty Corp. completed its acquisition of MBIA UK Insurance Ltd., part of a diversification program. more »
Municipal bond traders on Tuesday will be looking at a short-holiday week of sales jammed into a three-day window. Almost $9 billion of new issues are slated for sale in this new week, which is starting after the market was closed on Monday for the Rev. Martin Luther King, Jr. holiday. more »
Top shelf municipal bonds ended weaker on Friday, according to traders, ahead of a hefty new issue calendar for a holiday-shortened week. Ipreo estimates volume for the week at $8.9 billion, up from a revised $8.2 billion of supply in the prior week, according to updated figures from Thomson Reuters. more »
Assured Guaranty Ltd. requested that Moody's Investors Service withdraw the rating on its Assured Guaranty Corp. subsidiary, saying it doesn’t reflect a strengthening in the unit’s credit. more »
Top shelf municipal bonds were weaker at mid-session, according to traders, ahead of a hefty new issue calendar for a holiday-shortened week. Markets will be closed on Monday for the Rev. Martin Luther King, Jr. holiday. more »
The value of business inventories rose 0.7% in November, compared with the 0.6% gain expected, while sales rose 0.1%, data released Friday morning by the Commerce Department showed. more »
The University of Michigan's preliminary January consumer sentiment index reading was 98.1, compared to the final December 98.2 and the preliminary December 98.0, according to market sources. more »
A cybersecurity scare at a public power utility in Vermont has some municipal market participants thinking about how an attack could affect the nation's utility bond issuers. more »
The municipal bond market on Friday will be digesting the week's chunky new issue slate as traders' eyes turn toward next week's calendar. more »
Federal Reserve Chair Janet Yellen said the U.S. economy faces no serious short-term obstacles, though it must deal with important long-term challenges of low productivity and growing inequality. more »

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