Aaron Weitzman currently covers a myriad of municipal topics on the sell side for The Bond Buyer. He is primarily responsible for covering the sell-side of the muni market, and often contributes to the daily coverage of the primary and secondary markets. Aaron also focuses in on bond insurance and underwriting businesses. Previously, he wrote for the fantasy sports website Rotoballer and covered the flooring industry for Hearst Business Media. He holds a bachelor’s degree in English writing from the University of Pittsburgh.
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The massive summer reinvestment into municipal bond mutual funds continue and are both sustaining the strength of investor demand and solidifying the technical footing of the market.
By Lynne FunkJuly 28 -
The economy continues to recover, with durable goods orders and consumer confidence suggesting strength, but concerns about the Delta variant of COVID-19 and continued supply-chain problems cloud the future outlook.
July 27 -
With municipal yields at exceedingly low absolute levels, the spread tightening between credits also continues.
By Lynne FunkJuly 26 -
The last week of July marks a lighter calendar while August redemptions are huge compared to the expected supply. Investors need to get in line and likely accept lower yields and continued historically low ratios.
By Lynne FunkJuly 23 -
Low ratios, low yields and massive demand are leading to a market that is mostly on its own. Refinitiv Lipper reported $1.7 billion of inflows.
July 22 -
Bond insurance grew to 8.4% of total market par covered in the first half of 2021.
July 22 -
The bond counsel rankings saw plenty of moves, except at the top spot where Orrick took a commanding lead.
July 21 -
Municipal triple-A benchmarks were pushed to lower yields by one to three basis points across the curve, with the bigger moves out long, but still vastly underperformed the 10-plus basis point moves in UST.
By Lynne FunkJuly 19 -
Supply, however, is still less than the massive amounts of cash on hand. Bond Buyer data shows 30-day visible supply at $12.53 billion.
By Lynne FunkJuly 16 -
U.S. Treasuries have been volatile the past five sessions, with municipals largely ignoring the ride. Participants mostly have accepted current rates and ratios as large amounts of cash slosh around a market with strong technicals.
By Lynne FunkJuly 15