Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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The services sector showed improvement and employment made big gains in March, but economists note the labor market remains far from full employment.
April 5 -
Veneta Dimitrova, senior U.S. economist at Ned Davis Research, says the COVID pandemic showed us the government has more fiscal space than thought. She also discusses inflation, housing, the manufacturing sector, global supply chain challenges and the Fed’s balance sheet. Hosted by Gary Siegel. Taped Feb. 24. (32 minutes)
March 25 -
The primary led the secondary to lower yields as UST 10-year fell to lows last seen a week ago. Regional service sector surveys released Tuesday showed improvement, which feeds into the belief that inflation will rise in the near term.
March 23 -
Yields jumped as much as 10 basis points as new deals saw some concessions as munis played catch up to the run-up in U.S. Treasury rates after the 10-year hit 1.75% mid-session. Refinitiv Lipper reports nearly $1.3 billion of inflows.
March 18 -
Inflows return, stimulus set, new deals on fire — the municipal market reaped all the benefits. Initial jobless claims dropped more than expected in the week, as reopening continued slowly, but the total remains higher than any week before the COVID crisis hit.
March 11 -
Hank Smith, head of Investment Strategy at Haverford Trust, discusses the upcoming Federal Open Market Committee meeting, the coronavirus pandemic, inflation, and economic growth. He says, “at some point the Fed will have to acknowledge the economy may really take off.” Gary Siegel hosts. (Taped March 2. 26 minutes)
March 11 -
The Investment Company Institute reported outflows from municipal bond mutual funds but inflows into exchange-traded funds. The February consumer price index came in as expected, while the core was below expectations, and analysts expect bigger rises ahead.
March 10 -
Despite the recent outflows and volatility of the Treasury market, municipal bonds have and should continue to outperform as stimulus from Washington provides some respite.
March 8 -
With the reset in yields in the rear view, valuations — especially relative to Treasury — will likely support continued robust demand.
March 5 -
Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.
March 4
