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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Munis were firmer to end the week but underperformed U.S. Treasuries.
July 22 -
Investors pulled $698.782 million out of municipal bond mutual funds, per Refinitiv Lipper data, versus the $206.127 million of inflows the week prior. High-yield saw small inflows.
July 21 -
The top two bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters.
July 21 -
The Investment Company Institute reported investors added $543 million to muni bond mutual funds in the week ending July 13 compared to the $1.061 billion of outflows in the previous week.
July 20 -
Looking forward, a myriad of factors, including spiking fuel prices, fallout from the Russian invasion of Ukraine and the heat wave, “will facilitate recessionary(ish) economic outcomes by year end," noted an MMA report.
July 19 -
Estrada Hinojosa & Co., Stifel Nicolaus & Co. and CSG Advisors Incorporated moved into the top 10.
July 19 -
Munis are improving, but positive second-half municipal returns likely won’t be enough to offset the major losses of the first half of the year.
July 18 -
Investors will be greeted Monday with a new-issue calendar estimated at $7 billion. While issuance will likely come in above average this month, negative net issuance is still expected.
July 15 -
Investors added $206.127 million to municipal bond mutual funds, according to Refinitiv Lipper data.
July 14 -
Primary market takes focus for large revenue deals from the New York State Thruway Authority and the Colorado Health Facilities Authority.
July 13 -
Munis have been steady to firmer in spots over the past few trading sessions as fundamentals have taken over. Triple-A 30-year munis dipped below 3% Tuesday, the first time since early June.
July 12 -
The $11-billion-plus calendar is the largest in eight weeks and includes two large high-grade issuers which may entice buyers into the market.
July 11 -
The ISS ESG Muni QualityScore was previously designed for the buy- and sell-side, but it has expanded its offerings to issuers with datasets focused on their specific locations.
July 11 -
Investors will see almost $11.5 billion of volume head their way in the largest new-issue week of the year. More participants expect municipals to improve in the second half of 2022.
July 8 -
Despite rising U.S. Treasuries, municipals are making gains and are in the black to start July.
July 7 -
The Investment Company Institute reported investors pulled $1.372 billion from muni bond mutual funds in the week ending June 29.
July 6 -
As investors shift the focus from inflation to recession concerns, fixed income markets, including munis, may regain some of the year's losses.
July 5 -
With the Fourth of July holiday shortening the week, investors will see a paltry $2.861 billion of new issues to kick off the second half of 2022.
July 1 -
Investors pulled more from municipal bond mutual funds, with Refinitiv Lipper reporting $1.3 billion of outflows, down from the $1.6 billion the week prior and bringing the total to $47 billion year-to-date.
June 30 -
For the first half of 2022, total issuance sits at $201.556 billion, down 14.5% from $235.836 billion in 2021. Taxables are down 46.8% to $31.024 billion from $58.338 billion.
June 30
