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NEW YORK — The municipal market punched below its weight Thursday. Whether it was the dearth of new issuance, the sclerotic secondary market, or the fact that too many retail investors stood on the sidelines, there was a pronounced lack of interest in munis.
July 7 -
NEW YORK — Relative value investors in the municipal bond market are joining other industry investors on the sidelines Thursday. They’re holding onto their money as they watch muni-Treasury ratios get richer, said a trader in Florida.
July 7 -
NEW YORK — The municipal market has followed the upward trend in Treasury yields Thursday morning. Both the primary and secondary markets are seeing more activity today than at this time Wednesday morning said a trader in California.
July 7 -
A slight municipal market flummoxed traders Wednesday and kept them guessing.
July 6 -
NEW YORK — A slight municipal market flummoxed traders Wednesday and kept them guessing.
July 6 -
NEW YORK — The secondary market continues its understated performance. But new issuance that has reached the primary market is getting a good reception.
July 6 -
NEW YORK — This week’s small calendar and holiday have combined to produce a quiet Wednesday morning for the municipal market.
July 6 -
The municipal market started the holiday-shortened week by standing fast in the face of falling Treasuries and investors loaded with cash to reinvest.
July 5 -
NEW YORK — Modest trading in the secondary and slightly firming Treasuries are setting the tone for the municipal market early Tuesday afternoon.
July 5 -
NEW YORK — The municipal bond secondary market started the week mostly still on holiday Tuesday morning.
July 5 -
Too little trading and too few participants made a clear picture of the municipal market difficult to draw Friday.
July 1 -
NEW YORK — Too little trading and too few participants made a clear picture of the municipal market difficult to draw on Friday.
July 1 -
NEW YORK — Light trading flows are on tap for the remainder of the afternoon, as municipal yields lend a weaker tone to the market.
July 1 -
NEW YORK — The quiet before the holiday weekend storm on Friday has left a void for municipal market traders looking to unload inventory in the secondary.
July 1 -
Municipal bond mutual fund flows are on somewhat of a hot streak. They’ve seen net inflows for three out of the past four weeks, after the previous period saw 29 weeks of outflows.
June 30 -
The positive news in Greece continues to push the municipal market around and weaken its yields. But the market might be better for it, some in the industry say; any increase might eventually encourage more participation from retail investors.
June 30 -
NEW YORK — The positive news in Greece continues to push the municipal market around and weaken its yields. But the market might be better for it, some in the industry say; any increase might eventually encourage more participation from retail investors.
June 30 -
NEW YORK — Municipal yields continue to rise, riding the wave of news from Greece.
June 30 -
NEW YORK — Municipals on Thursday have been fighting the effects of the moves in Greece, and how its crisis and apparent resolution have affected the bond markets here. Once Greek lawmakers approved the austerity plan to avoid debt default, and Treasury yields started to rise, munis followed suit and should continue to throughout the day, a trader in New Jersey said.
June 30 -
A municipal market low in energy and apparent direction soldiered through a lackluster day of issuance and trading.
June 27
