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.
-
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 -
Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.
July 31 -
The lack of a significant new-issue calendar is encouraging some investors to purchase ahead of the first of the month, but others are putting buying off until the arrival of Aug. 1 redemptions.
July 27 -
Municipal bonds finished steady on Friday ahead of next week's $7.8 billion new-issue slate while high-grade paper trades up in the secondary. Investors are looking for stability.
July 24 -
King Co., Wash., Port of Houston and San Antonio deals went up for grabs Tuesday.
July 21 -
Municipals stronger ahead of this week's summer supply slate as Congress debates a potential fiscal stimulus package.
July 20 -
For the 10th week in a row, investors put cash into tax-exempt mutual funds with Refinitiv Lipper reporting a $857 million inflow.
July 16 -
New York issuers jump in for retail and Texas Transportation also makes an appearance as attractive low yields lure more issuers in. However, some participants say caution is warranted as the coronavirus spread widens in the South and West.
July 15 -
Supply-hungry buyers look forward to all of the week's new bond issues.
July 10 -
Municipal bond prices remained steady as more supply hits the screens.
July 8 -
Municipals showed strength Tuesday in the face of new supply as long yields dipped as much as two basis points.
July 7
