Chip Barnett is a journalist with almost 50 years of professional experience. He started his career at the Gannett Newspapers in Westchester County, N.Y., working his way up from back-shop compositor to Senior News Editor. Barnett later worked for Thomson Reuters in Manhattan, covering state and local government finance as a Reporter and later Executive Editor for TM3.com and as Editor in Charge of Municipal Finance for Reuters News. Later, he was the Editor of Municipal Finance Today at SourceMedia. Barnett has also worked for DebtWire/Municipals and has written about commercial real estate in South Florida and the Midwest for both The Real Deal and Globe Street. Barnett is currently a Reporter at The Bond Buyer.
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Prices of top-shelf municipal bonds were mixed to stronger at mid-session, according to traders, as the market went into holiday mode after the release of the August employment report.
September 4 -
The municipal bond market was set to move into full holiday mode after the release of the August employment report..
September 4 -
Municipal bond funds saw outflows in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $586.481 million of outflows in the week ended Sept. 2, after seeing outflows of $344.563 million in the previous week, Lipper reported.
September 3 -
Puerto Rico Electric Power Authority bonds were mostly higher in early trading on Wednesday after it was announced that PREPA had reached a tentative agreement on debt restructuring.
September 2 -
Prices of top-shelf municipal bonds ended steady to stronger on Friday, according to traders, with yields on most maturities unchanged to one basis point weaker.
August 28 -
Prices of top-shelf municipal bonds were steady to stronger at mid-session, according to traders, with yields on most maturities unchanged to one basis point weaker.
August 28 -
The municipal bond market will clear the decks Friday ahead of next week's lighter new issue calendar.
August 28 -
Municipal bond funds saw cash redemptions in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $344.563 million of outflows in the week ended Aug. 26, after seeing inflows of $43.656 million in the previous week, Lipper reported.
August 27 -
Prices of top-quality municipal bonds closed stronger on Friday, traders said, with yields on some maturities falling as much as three basis points. The market was digesting the weeks supply, which totaled $5.33 billion. But that total didnt include the one deal the market had wanted to see the most the Puerto Rico Aqueduct and Sewer Authoritys $750 million senior lien revenue bond sale.
August 21 -
The municipal bond market on Friday is looking ahead of next week's new issue calendar, which is topped off by big sales in New Jersey and California.
August 21 -
Municipal bond funds saw inflows in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $43.656 million of inflows in the week ended Aug. 19, after seeing inflows of $11.087 million in the previous week, Lipper reported.
August 20 -
Prices of top-rated municipal bonds closed mostly weaker on Friday, traders said, with yields remaining unchanged to as much as one basis point stronger. Trading was quiet as the market took a quick summer break to digest the more than $4.7 billion in new supply that was priced during the week.
August 14 -
Municipal bond prices were weaker at mid-session, traders said, with yields on some maturities rising by as much as one basis point.
August 14 -
Municipal bond traders will be looking ahead to next week's new issue slate, which is headlined by the Puerto Rico Aqueduct and Sewer Authority's $750 million sale of senior lien revenue bonds.
August 14 -
Municipal bond funds saw inflows in the latest week, according to the Lipper.
August 13 -
In the week ended August 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell by two basis points to 4.37% from 4.39% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
August 13 -
Loop Capital Markets has surpassed the $1 trillion mark in underwriting municipal bond deals since it was founded almost 18 years ago, the firm announced on Tuesday.
August 11 -
Municipal bond funds suffered a second week of redemptions, according to the latest Lipper data. Funds which report weekly posted $308.245 million of outflows in the week ended Aug. 5, after experiencing outflows of $73.372 million in the previous week.
August 6 - New York
New York City has announced the results of an RPF for the selection of financial advisors, pricing advisors and swap advisors for bond sales by the city and by its financial entities. The selection process was held in collaboration with the comptroller's office.
August 6 - Puerto Rico
Puerto Rico issues were mixed in rather quiet trading on Tuesday after Standard & Poor's lowered its rating on the Puerto Rico Public Finance Corp. S&P dropped the PFC's $1 billion of Series 2011A, 2011B, and 2012A bonds to D from CC following a payment default on the bonds.
August 4
