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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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 -
A key demand component in the market again flexed its muscles with ICI reporting another round of $2 billion-plus fund inflows.
By Lynne FunkJuly 14 -
Municipals outperformed U.S. Treasuries for a third sessions moving the 10-year municipal to UST ratio below 60%.
By Lynne FunkJuly 13 -
Most participants expect better performance for munis in the near-term. Longer-term, a lot depends on rates, COVID and other outside factors, such as infrastructure.
By Lynne FunkJuly 12 -
Fund inflows are a demand component unlikely to slow during the heavy reinvestment season, keeping the yield environment squarely in issuers' favor.
By Lynne FunkJuly 8 -
The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.
July 8