Jessica Lerner is a senior reporter and buy-side specialist for Bond Buyer where she writes the daily market column, the monthly volume story and longer trend stories. Prior to this, she worked as a beat reporter at two Connecticut newspapers. She earned her master's in business and economics reporting from the Craig Newmark Graduate School of Journalism and her bachelor's in journalism and statistics from the University of Connecticut.
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Without a reversal in UST or municipal bond mutual fund outflows, munis will continue to be pressured.
March 29 -
With massive secondary selling pressure and a larger calendar, credit spreads are likely to continue to widen.
March 28 -
Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.
March 25 -
Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.
March 24 -
More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.
March 23 -
For investors who want a customized portfolio and a greater ability to control taxable events, SMAs may be the product they're searching for.
March 23 -
The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.
March 22 -
Assured Guaranty Municipal Corp. and Assured Guaranty Corp. both resolved their exposure to its insured Puerto Rico debts leading to the upgrade to A1.
March 22 -
Muni performance has been strong as of late, and spreads have actually corrected after a month of gradual widening.
March 21 -
Next week's potential volume is slated to be $7.7 billion. The largest deal of the week comes from New York City with $891 million of tax-exempt general obligation bonds. Recent New York paper traded up Friday.
March 18
