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 closed mostly steady on Friday, traders said, as yields remained flat after rising on Thursday. For the week, munis stayed nearly unchanged in four out of the five trading sessions.
March 27 -
Prices of top-shelf municipal bonds were steady at mid-session, traders said, as yields were flat after rising on Thursday.
March 27 -
Prices of top-shelf municipal bonds finished out the week stronger, traders said, as yields continued to fall in the aftermath of the Federal Open Market Committee meeting. Since the FOMC meeting, yields on the 10-year have fallen by 15 basis points while the yield on the 30-year is off by 14 basis points.
March 20 -
Prices of top-rated municipal bonds were a bit stronger at mid-session, according to traders, ahead of this week's $8.2 billion new issue slate and the two-day meeting of the Federal Open Market Committee.
March 16 -
Prices of top-rated municipal bonds finished out the week slightly unchanged, according to traders, as the market took a breather on Friday to digest some of the weeks hefty new issue slate and adopted a cautious tone ahead of the upcoming Federal Open Market Committee meeting.
March 13 -
Prices of top-rated municipal bonds were slightly weaker at mid-session, according to traders, with yields on some maturities up by as much as one basis point.
March 13 -
The municipal bond market was taking a breather on Friday as it worked through the biggest new issue calendar of the year.
March 13 -
Prices of top-rated municipal bonds ended substantially weaker on Friday, traders said, after the release of a strong employment report that hinted at a mid-year interest rate hike by the Federal Reserve. Meanwhile, municipal volume continued to surge, with $12.4 billion of new bonds set to be priced in the upcoming week, after a hefty new issue slate came to market in the prior week.
March 6 -
Prices of top-rated municipal bonds plunged at midday, traders said, after the release of a strong employment report that many see as giving a green light to a mid-year interest rate hike by the Federal Reserve. Yields were up by as much as eight basis points on some top-shelf munis.
March 6 -
Prices of top-rated municipal bonds finished mixed on Friday, traders said, as yields were unchanged to up by two basis points on the long end. While watching muni yields closely, market professionals will also be looking at another week of heavy issuance, when almost $9 billion of new supply is set to come to market.
February 27 -
Prices of top-rated municipal bonds were mixed at mid-session, according to traders, as yields were unchanged to up as much as two basis points in spots.
February 27 -
The municipal bond market is looking ahead to another week of heavy new issuance, when large offerings from California and Maryland issuers have been slated.
February 27 -
Prices of top-shelf municipal bonds finished slightly stronger on Thursday, traders said, with yields on some maturities slipping by as much as two basis points. In the primary market, the New York City Transitional Finance Authoritys and the New Orleans Aviation Board came to market.
February 26 -
Prices of top-shelf municipal bonds were slightly stronger at mid-session in secondary trading, traders said, with yields on some maturities slipping by as much as one basis point.
February 26 -
Prices of top-rated municipal bonds closed unchanged, traders said, ahead of the upcoming week's chunky new issue slate. Muni yields ended the week only slightly higher, as the dramatic rise in yields, which began at the start of the month, has started to slow down.
February 20 -
The municipal bond market is looking ahead to the upcoming week, where a chunky new issue slate is being prepared.
February 20 -
The municipal bond market is looking ahead to the upcoming week, where a chunky new issue slate is being prepared. Volume for next week is estimated at $8.807 billion, up from the revised $3.155 billion sold in this holiday-shortened week.
February 20 -
The New York City Municipal Water Finance Authority's $498 million of revenue bonds was priced for institutions on Thursday after a one-day order period for retail investors Wednesday.
February 19 -
The biggest municipal bond deal of the week, the New York City Municipal Water Finance Authority's $485 million revenue bond sale, which was offered to retail investors on Wednesday, will be priced for institutions Thursday.
February 19 -
It looks like it will be pretty quiet trading in the week ahead. Only about $4.6 billion of new municipal bonds are scheduled to be sold during the holiday-shortened week as issuers and underwriters will be watching market conditions closely.
February 13
