Christine Albano is a reporter in the Investor’s & Investing beat, which she has covered for the past two decades. She has a wide range of buy side sources in the municipal market and has covered trends affecting retail investors, institutions, municipal mutual funds, tax-exempt money market funds, and the high-yield beat. She has also written about some of the industry’s biggest issues, such as historic defaults in Orange County, Calif., Puerto Rico, and Jefferson County, Ala., as well as the collapse of the variable-rate demand market. In addition, she reported on the subsequent 2008 financial crisis, and the death of municipal bond pioneer Jim Lebenthal. She provided next day coverage of the impact on the municipal bond market of the Sept. 11 terrorist attacks on the World Trade Center, and recently interviewed The Vanguard Group Inc. founder, former chief executive officer, and investment guru John C. Bogle about the best investing advice for the municipal market.
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"People are just kind of sitting on their hands and being careful because MMD is raising yields every day and people don't know which way this is heading," said John Farawell of Roosevelt & Cross.
By Chip BarnettSeptember 25 -
Refinitiv Lipper reported $116.737 million was pulled from municipal bond mutual funds for the week ending Wednesday after $798.474 million of outflows from the funds the previous week.
September 14 -
"I traded in my labor and delivery scrubs for a career in finance when I had an incredible opportunity to intern at Merrill Lynch as a 16-year-old senior at Stuyvesant High School," William Kim said
September 13 -
"I had the opportunity to work with interesting issuers and complex transactions early on in my career, which gave me a solid foundation to build on," Kevin Plunkett said.
September 13 -
Greg Shuman said he favors municipals for being a niche market, its blend of government policy and economics, the quantitative focus of fixed income as an asset class, and the complexity and evolving nature of municipal finance and markets.
September 13 -
While supply this week is "softer," uncertainty and volatility may prevail once more due to "yields still not exciting longer-term investors," said Matt Fabian, a partner at Municipal Market Analytics.
September 12 -
California and the Port Authority of New York and New Jersey held one-day retail order periods for $1 billion-plus issues.
September 6 -
Refinitiv Lipper reported $407.976 million of inflows from municipal bond mutual funds for the week ending Wednesday after $534.428 million of outflows into the funds the previous week.
August 31 -
He had an extensive career in public finance which largely consisted of structuring municipal bond financings that funded the expansion of airports, healthcare centers and other institutions.
August 30 -
Supply scarcity is helping the market through the Treasury volatility. Bond Buyer 30-day visible supply currently sits at $4.72 billion.
August 23