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The muni market is coming out of oversold conditions, said David Litvack, a tax-exempt strategist at BofA.
By George Yacik4h ago -
The firmness in the market Monday came from a "settling down" after one of its most volatile weeks since the pandemic, said Cooper Howard of Charles Schwab.
By George YacikApril 14 -
The asset class extended its selloff last week as concerns regarding the tax-exempt status of munis continued to mount, combined with a heavy new-issue calendar and tax season selling by investors, said Jason Wong, vice president of municipals at AmeriVet Securities.
March 31 -
Municipals were narrowly mixed to start the holiday-shortened week, but the lighter supply should buoy the market.
By George YacikFebruary 18 -
Investors added $1.124 billion to municipal bond mutual funds in the week ending Wednesday, following $741.6 million of inflows the prior week, according to LSEG Lipper data.
By George YacikFebruary 6 -
January's municipal bond supply "will end up being heavier compared with the normally slow start of the year, but the pipeline should remain quite robust," Barclays said.
By George YacikJanuary 31 -
Rating agency cited built up reserves as a key to the city's "better financial footing."
By George YacikMarch 27 -
A new tax on corporations would create a dedicated revenue stream for commuter rail and bus operator NJ Transit under New Jersey Gov. Phil Murphy's budget plan.
By George YacikFebruary 28 -
Maura Healey's budget plan for fiscal 2025 features more money for the Commonwealth Transportation Fund, which would increase its bond capacity by $1.1 billion.
By George YacikFebruary 13 -
The city is looking for "a diverse group of qualified firms with varied strengths and market advantages" to "provide the most cost-effective distribution."
By George YacikJanuary 31