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Municipal bond issuance fell 10% in the first half of 2013 after a surge in interest rates in May and June overwhelmed demand for refunding and other factors that analysts had expected to propel long-term volume for the year.
August 9 -
The steepest yield curve in more than a year has created value for tax exempt investors, some advisors say.
August 7 -
The municipal bond market endured the second heaviest outflows of the year from muni bond funds this past week, at $2.24 billion.
August 2 -
Long-term municipal bond volume fell 13% in July, as rising interest rates and headline scares generated by Detroit's record bankruptcy filing and Chicago's downgrade drove investors from the market.
July 31 -
Municipal bond mutual fund exposure to the city of Detroit is not as heavy as initially projected, new analysis by an investment research firm shows.
July 29 -
Bold headlines from Detroit's bankruptcy filing and Chicago's downgrade provided strong drivers for the ninth straight week of outflows from municipal bond mutual funds, at $1.23 billion.
July 26 -
Investor demand for tax-exempt money market funds withered, as the industry registered another $475.3 million in outflows.
July 25 -
Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.
July 24 -
Peter A. Dattilo, a veteran of the Battle of the Bulge in World War II and almost 40 years in the municipal bond industry, died last week. He was 88.
July 22 -
The municipal market weathered a slow summer Friday, ending weaker beyond the short end of the yield curve following Detroit's bankruptcy filing.
July 19 -
Detroit bankruptcy, substantial outflows, heavy calendar, Ben Bernanke, economic indicators -- the municipal market had a wealth of drivers vying for influence on yields this week.
July 19 -
The municipal market started Friday unaffected by Detroit's Chapter 9 bankruptcy filing Thursday afternoon, the biggest in history.
July 19 -
Heavy outflows, at $1.56 billion, endure for municipal bond mutual funds as investor demand for tax-exempts continues to flag.
July 19 -
Municipal bond mutual funds continue to hemorrhage money as investor demand remains low.
July 18 -
Robust activity, largely driven by new issuance, propelled the municipal market through Thursday.
July 18 -
A stronger municipal market weathered more comments by the Fed through solid technicals, decent reception to new issuance and buyer interest at the short end.
July 17 -
Federal Reserve Chairman Ben Bernanke has spoken. But the municipal market, after a period of buying Wednesday morning, has stabilized as the session crossed into the afternoon.
July 17 -
Tax-exempt yields started Wednesday's trading session lower in reaction to comments Federal Reserve Chairman Ben Bernanke made to Congress regarding the status of the accommodative monetary policy currently in place.
July 17 -
A stronger tone pervaded the municipal market Tuesday as many large deals arrived and underwriters accelerated by a day pricing for the week's largest issue.
July 16 -
Activity in the municipal market has picked up as some of the week's calendar arrives, providing an overall tone of strength.
July 16
