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Special Report

2011 in Statistics

Supply and Demand: Rates Plunge as Investors Scramble for Bonds.

The dramatic reduction of one state's traditional cash-flow borrowing combined with historically low interest rates in the long-term market led to a 7.4% decrease in short-term tax-exempt note issuance in 2011, according to market experts. more »
The bond insurance industry continued to contract in 2011. more »
CHICAGO — The market for privately placed municipal debt came out of the shadows in 2011. more »
Long-term bond sale volume dropped considerably in 2011 compared with the year before, amid a cautionary environment and the absence of the Build America Bond program. more »
By almost every measure, 2011 was a down year for long-term volume in the municipal bond market. more »

Daniel Berger, Senior Market Strategist at Municipal Market Data, talks about the recent rally in municipal bonds which has brought long-term yields down to record lows. He talks about continuing demand from retail investors in light of the upcoming Summer redemption season and he discusses the allure that the American tax-exempt market has for overseas buyers. He outlines the recent spread compression in quality credits and also looks at some of the market's outliers -- Puerto Rico and Chicago.

Our legislation would preserve money market funds as a source of liquidity and capital for public the infrastructure needs of our citizens.

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