Municipal Bond Market News

Markets

Letter to the Editor: Fatal Flaws in Markup Research Paper

A recent research paper suggests widespread violations of MSRB fair pricing rules are rampant in the municipal market. But scratching just below the surface reveals serious flaws in the methodology and assumptions underlying the authors' conclusions.

Sell Side

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Floating Rate Note Pricing Gains Efficiency

Growth in the floating rate notes market has allowed issuers to gain cost-effective variable rate exposure and investors a way to manage interest rate risk, according to speakers at the first ever municipal conference focused on the securities. more »

Buy Side

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Muni Bond Funds Post Third Week of Outflows, at $1.61B

The amount of money investors have withdrawn from municipal bond mutual funds, at $1.61 billion for the week of June 12, continues to climb and break records for the year. more »

People

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Stern Brothers Adds Three to L.A. Office

Stern Brothers & Co. is continuing its expansion with the addition of three veteran municipal bond professionals in its Los Angeles office. more »

News

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Bond Buyer Markets Reporter Taylor Riggs

Market Close: Munis Weaker As Traders Unload Before Fed Meeting

The tax-exempt market ended slightly weaker Tuesday as traders looked to unload bonds ahead of Wednesday’s Federal Open Market Committee announcement. more »