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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Municipal traders said the market was slightly firmer on Tuesday, though a lack of new supply was still curtailing opportunity for investors.
March 27 -
The municipal market rallied to close out Thursday five basis points lower in yield, while the last two larger deals of the week priced, with the Philly School District passing its test with flying colors.
March 22 -
The municipal market saw the last two notable deals price, as the market was stronger by as many as five basis points.
March 22 -
Primary and secondary activities were an afterthought Wednesday as the municipal market focused on the interest rate announcement from the Federal Reserve Board.
March 21 -
The municipal market concentrated on a Federal Reserve Board 25 basis-point interest rate hike, while keeping an eye on falling snow.
March 21 -
The municipal market completed a few competitive deals and one notable negotiated sale on Tuesday, while awaiting the conclusion of the Federal Open Market Committee meeting.
March 20 -
The municipal market and its participants got a few competitive deals, but the two-day Federal Open Market Committee meeting looms large.
March 20 -
This week's miniature muni slate of under $3 billion means deals should have little trouble attracting investors.
March 19 -
The municipal bond market is facing two big challenges this week -- smaller-than-average supply and a monetary policy meeting of the Federal Reserve.
March 19 -
Supply plunges for the upcoming week, with Ipreo estimating volume at only at $2.9 billion, down from this week’s revised total of $5.0 billion, according to updated data from Thomson Reuters.
By Chip BarnettMarch 16