As Hefty Supply Slate Looms, Munis End Flat
Top-rated municipal bonds finished unchanged on Monday, traders said, ahead of another huge issuance week with about $16.5 billion of volume ready to pass through the supply pipeline.  more »
New Jersey's recently announced plan to fund transportation infrastructure projects through a rise in the gasoline tax exacerbates long-term challenges to the state's operations by swapping cuts to growing tax revenue sources with an increase in motor fuel taxes -- a revenue source with limited growth prospects, Fitch Ratings says. more »
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.340% high rate, unchanged from 0.340% the prior week, and the six-months incurred a 0.475% high rate, up from 0.470% the week before. more »
The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday. more »
The Volcker Alliance announced on Monday that it will be conducting a study called the “Truth and Integrity in Government Finance” that is aimed at helping U.S. states improve budgeting and fiscal sustainability. more »
Top-rated municipal bonds were flat with at mid-session, traders said, as they prepared for yet another huge issuance week, with an estimated $16.5 billion set to pass through the pipeline. more »
Top-rated municipal bonds were flat in early activity, traders said, with participants prepared for yet another huge issuance week, as an estimated $16.5 billion will be coming through the pipeline. more »
Municipal market participants will be extremely busy again in the coming week, as new volume continues to slam into the market at a torrid pace. more »
With the economy expanding, a tight labor market, and inflation moving toward 2%, gradual rate increases are in order, and the sooner the better, Federal Reserve Bank of San Francisco President and CEO John C. Williams said Friday. more »
Any delays in Illinois' monthly contributions pose a negative credit risk to the state, Moody's Investors Service said Friday. more »
After what was a busy week, municipal market participants will now start to shift their attention to next week's calendar, which again will be robust, especially on the negotiated side. more »
After 54 straight weeks of inflows, municipal bond funds reported outflows, according to Lipper data released on Thursday. more »
Bonds that funded the stalled minor-league baseball stadium in Hartford, Conn., could appeal to investors with appetite for risk, said Richard Larkin of Stoever Glass. more »
After what was a busy week, municipal market participants will now start to shift their attention to next week's calendar. more »

James Colby, Senior Municipal Strategist and author of the Muni Nation blog at VanEck, stopped by The Bond Buyer recently to chat with Senior Markets Reporter Chip Barnett about municipal market performance. He also discussed the stability of munis versus other asset classes, muni bond fund inflows versus money market fund outflows, muni exchange traded funds, and what to expect in the last quarter the year.

The SEC's MCDC initiative is causing many municipal issuers and underwriters to change the way they do things.

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