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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Returns are deep in the red with the Bloomberg Municipal Index at negative 1.85%, while high-yield sits at negative 1.81%.
January 27 -
The statement offered no surprises, but Fed Chair jerome Powell's refusal to denounce more hawkish scenarios hurt market sentiment.
January 26 -
Only one firm remained in the same spot they were at in 2020, while the rest of the rankings saw big shifts from a year prior.
January 26 -
Triple-A benchmarks were cut two to six basis points across the curve with the largest moves concentrated again on bonds inside 10 years, underperforming Treasuries once again.
January 25 -
Munis are expected to underperform for another few weeks as markets remain volatile and investors reevaluate allocations.
January 24 -
The combination of steady supply, heavy secondary selling and inconsistent demand have moved yields to their highest levels since May 2020.
January 21 -
In the near term, federal aid is sitting on balance sheets ready to be deployed if some of the downside economic risks become reality, experts say.
January 21 -
The Investment Company Institute reported a large drop of inflows into municipal bond mutual funds at $142 million in the week ending Jan. 12, down from $1.413 billion in the previous week.
January 19 -
The 2-, 5- and 10-year UST is higher than before the pandemic began as investors factor in a rate hike as soon as March.
January 18 -
The largest deal of the week comes from the New York City Transitional Finance Authority with $950 million of exempts and $250 million of taxables.
January 14
