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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Spreads have been widening, but secondary trading was on the light side and triple-A benchmarks were cut by only a basis point in spots even as U.S. Treasury yields once again rose on the 10- and 30-year.
October 19 -
Jason Appleson will assume the role of head of the municipal bond team at PGIM Fixed Income when longtime muni director Susan Courtney retires.
October 19 -
The firm’s distribution capabilities across major and mid-size institutional accounts, professionally managed retail accounts, and high net worth individual accounts is a throwback to founder Archibald Bullock Roosevelt’s vision.
October 6 -
Municipals took a breather Monday, largely ignoring stock market volatility and softer U.S. Treasuries, ahead of a solid $9 billion new-issue week.
October 4 -
The high-grade muni scales saw cuts of up to four basis points in a continued selloff Monday as the market faces a robust slate of new issues.
September 27 -
Data released Tuesday reflected a murky picture on the strength of the economy, but the market’s eyes were fixed on the Federal Reserve’s policy meeting in Washington, D.C.
September 21 -
David Rubulotta and Brant McDuffie will take the helm of the fixed income capital markets division at Stifel Financial Corp.
September 15 -
Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.
September 13 -
Raquel Wilson's love of finance and legal work are both requited at her job.
September 9 -
Christine Song worked on two of the largest municipal bankruptcies in history over her seven-year stint at Miller Buckfire.
September 9 -
The muni analyst works on distressed credits, and acts as mentor to younger colleagues.
September 9 -
Supply clocks in at $5.987 billion for the holiday-shortened week. Municipal new-issue volume is still lagging demand with Bond Buyer 30-day visible supply at $10.30 billion, while Bloomberg shows net negative supply at $11.430 billion.
September 3 -
Returns of negative 0.40% would be the third-worst August performance of the past 10 years, according to Bloomberg data.
August 30 -
While municipals were little changed, broader markets remain focused on Jackson Hole and speculating what will be said about tapering.
August 24 -
Volume was down as state and local government municipalities benefited from federal stimulus aid and increasing tax and revenue receipts.
August 23 -
Municipal bonds ended the week unchanged for the sixth consecutive trading session as inflows surged as more than $7 billion is headed to market next week.
August 20 -
Municipals were unchanged for the fourth consecutive day this week amid slight Treasury strength as demand for yield continued.
August 19 -
Demand was brisk in the primary market while the short-term market traded sideways on the pressure from the heavy new issue calendar, the release of the FOMC minutes and Treasury auction.
August 18 -
The Puerto Rico Aqueduct and Sewer Authority sold $813 million of senior lien revenue bonds consisting of tax-exempt refunding, taxable refunding and forward delivery refunding bonds.
August 17 -
As New York City launched the first of its two-day retail order period on $1.039 billion of GO bonds, the market was uneventful ahead of $9.76 billion in the primary market this week
August 16
