Dan Seymour

A grand-slam judgment last month has emboldened the lawyers and investors seeking to recoup losses on $2 billion in municipal arbitrage funds run by Citigroup.

Investors continue to stuff cash into municipal bond mutual funds, exacerbating a supply-demand imbalance that has kept yields on tax-exempt bonds near historic lows.

The unit investment trust has quietly blossomed into the dominant investing vehicle for Build America Bonds — the taxable municipal debt created under last year’s stimulus legislation.

If there’s a day of reckoning on the horizon for municipal closed-end funds, the market hasn’t spotted it as investors continue to fork over a premium for the trusts.

BlackRock has raised more than $1 billion for a closed-end fund devoted to Build America Bonds, creating the largest public vehicle offering investors exposure to the new class of taxable municipal debt.

Municipal bond mutual funds reported another healthy slug of new money last week as demand for high-quality fixed income continued to drive investment flows.

U.S. Trust has hired David Litvack as managing director and fixed-income strategist, the wealth manager said Wednesday.

J.J. Kenny Drake has launched three new municipal total-return indexes intended for use as benchmarks by mutual funds, private account managers, swaps traders and exchange-traded funds.

Econsult Corp. has purchased a substantial interest in Fairmount Capital Advisors in a move to combine financial consultancies serving governments in the Philadelphia region.

Cash continues flooding into municipal bond mutual funds as retail investors embrace yields many once scorned as being far too low.

When asked whether municipal bonds can continue their record-setting ways, one of the most common refrains from market participants is: "why not?"

Retail demand for municipal bonds continued to surge last week as mutual funds that invest in state and local government debt posted their second biggest weekly inflow of the year.

Financial Guaranty Insurance Co. fell more deeply into the hole in the second quarter as the insolvent bond insurer lost more money on contracts linked to mortgage debt and its statutory deficit continued to widen.

BNY Mellon is introducing a new service to help municipalities entitled to federal cash subsidies track projects and report information to the Internal Revenue Service.

Municipal bond yields tumbled to a record low Friday as constrained supply coupled with the prospect of a protracted period of low interest rates to prod more investors into state and local government debt.

Low yields continue to do little to deter investors from stuffing more cash into municipal bond mutual funds.

A municipal bond market starved for a hearty batch of tax-exempt paper is not going to get it this week.

Municipal bonds blasted to a new record this afternoon as constrained supply coupled with the prospect of a protracted period of low interest rates to prod more investors into state and local government debt.

Tax-free money market funds caught a small breather last week with their smallest outflow in a month.

Natalie Cohen has become the latest new hire in the burgeoning market for high-profile municipal research analysts.