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.
-
Municipals finished little changed Wednesday as a hefty slate of new deals came to market.
October 14 -
Municipals were mostly unchanged with a firm tone on Tuesday, according to market participants, ahead of the week's large new-issue calendar that's heavy on taxables.
October 13 -
After COVID-19 left NYC with a ratings downgrade, the city offered retail investors first crack at its $1 billion GO deal. The San Francisco Public Utilities Commission will be the first issuer to publicly list on an international exchange in an attempt to lure foreign investors.
October 5 -
The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.
September 30 -
ICI reports another $2 billion inflow week while new issues fare well. High-grades around the 2026 maturity were trading in large blocks showing stability.
September 23 -
Rates remain stagnant even as UST rallied Monday. Large deals from NYC and Texas issuers are on deck for Tuesday.
September 21 -
Global investment firm expands ETF suite to boost yield, liquidity, and diversification opportunities.
September 21 -
On Friday, municipals finished little changed, with yields remaining steady along most of the AAA GO scales.
September 18 -
Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.
September 11 -
Longer-dated municipals strengthened Thursday as transportation deals from Oregon, Texas and Atlanta issuers came to market.
September 10 -
Refinitiv Lipper reported $139.364 million of muni fund inflows, the 17th week in a row of positive results, but the lowest gain since July.
September 3 -
Price guidance was issued on California's $2.4 billion GO deal as the State of New York Mortgage Agency got ready for its first social bond issue as the ESG muni market expands.
August 31 -
The COVID-19 pandemic began to impact note issuance as early as the first quarter when issuers started to get more concerned over the virus.
August 24 -
Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.
August 21 -
Municipals were slightly weaker on Tuesday as investors take stock of inventories and exceedingly low yields for a market that might be ripe for a correction.
August 18 -
Municipal investors are somewhat tepid on current low rates Monday ahead of the week's $`11.5 billion of new supply.
August 17 -
Municipal bonds were steady to weaker as billions of dollars in new deals hit the screens Tuesday.
August 11 -
Municipals rallied Friday, with yields dropping by as much as one basis point on the long end.
August 7 -
Money managers say investors should be cautious, monitor credits, both high-yield and high-grade, and keep an eye out for taxable issuance.
August 6 -
Municipal yields fell as much as three basis points on the long end of the AAA curves.
August 4
