James Ramage

Deutsche Asset & Wealth Management unveiled two exchange-traded funds Tuesday that are the first devoted entirely to infrastructure revenue bonds and regulated utilities.

Issuance numbers for long-term municipal bonds in May continued to underwhelm market expectations, decreasing 28% for the month.

Muni bond mutual fund flows fell back into the red at $157 million, entering territory they occupied for most of the spring.

Academy Securities, an investment bank with a municipal business started by a retired naval officer, wants to put those who've served in the armed forces to work in the securities industry.

Flows into municipal bond mutual funds scraped and clawed into positive territory the week of May 22, at $63 million.

Stronger inflows made their way into municipal bond mutual funds, at $306 million for the week of May 15.

New issuance reached a receptive municipal market that continued to follow Treasury yields higher Tuesday.

New deals have arrived, but the tenor the municipal market has taken on has moved toward one of higher yields.

The municipal market is waiting for the week's primary issuance to arrive Tuesday and set a tone for yields.

With little activity and no significant issuance Monday, the municipal market staggered around with a raised wet finger looking for direction, giving the market a slightly weaker tone on the day.

As this year's note season ramps up, market participants expect strong demand and steady levels of issuance with last year's seasonal total of almost $39 billion.

Following Friday's shellacking, the municipal market has largely paused to catch its collective breath. Participants report activity in trades of smaller size, as the market overall is slackening somewhat to get deals done.

The municipal market sees traces of activity Monday, showing a slightly softer market.

Municipal bond mutual funds saw inflows into weekly-reporting funds, at $22 million, for the first time in 10 weeks.

Frank Chin, co-head of public finance at Citi, is a 35-year muni bond veteran who worked in a period of dramatic change that has shaped the aviation and muni bond industries.

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million.

Marked by little issuance and activity, the municipal market spent Thursday gathering itself after the past few days of active buying and trading and before an employment report traders regard as significant.

Modest action in the municipal secondary market, particularly out in longer maturities, is propelling an otherwise quiet session.

The municipal market started slowly out of the gates Thursday morning as traders reported modest activity in taxable paper in the secondary.

Long-term municipal bond issuance fell slightly for the month of April, yet still clings to a small increase for the year.