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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Muni bonds have not been not the quick way to big returns in 2021. But for the right client, they are the perfect addition to a portfolio focused on stability and low risk, advisors say.
By Justin L. Mack and Jessica LernerDecember 29 -
Investors will also receive $139 billion of interest payments in 2022, about $593 million more than in 2021, according to a report from CreditSights.
December 28 -
U.S. Treasuries saw losses pushing municipal to UST ratios on the 10- and 30-year lower again.
By Lynne Funk and Jessica LernerDecember 21 -
Over the past year, Lumesis has expanded the capabilities of its DIVER suite of muni-focused business and regulatory solutions.
December 15 -
See the winners of the Deal of the Year award and hear their acceptance speeches.
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Coming off last week's $19.5 million influx of weekly new issues, supply this week is lower as the market watches the Federal Open Market Committee meeting.
By Jessica Lerner and Gary SiegelDecember 13 -
KBRA says the deal will allow for expansion.
December 13 -
There are $8.127 billion of negotiated deals on tap and a mere $367.4 million of competitive loans slated, none over $100 million. Thirty-day visible supply totals $9.9 billion and net negative supply is at $8.4 billion.
By Lynne Funk and Jessica LernerDecember 10 -
The change to the final indexes is expected to expand each fund's investing universe, the firms said.
December 9 -
White published three municipal bond textbooks and lectured extensively and served as an expert witness for municipal bond cases.
December 9 -
Total November volume was up 58.3% to $33.818 billion versus $21.359 billion a year earlier, but the figure is average over a 10-year period. A combination of factors from policy uncertainty in Washington to fears of rising rates led to the increase.
November 30 -
High-rated top-tier universities have weathered the pandemic reasonably well, while lower-rated colleges have experienced a worsening of problems and investors should be cautious.
November 23 -
Outside influence "beyond the control of the muni bond market" is needed to derail the recent positive momentum.
November 15 -
ICE expanded its ESG reference data coverage to now include two million fixed-income instruments.
November 12 -
The Northeast Women in Public Finance selected a dozen other honorees, split evenly among the private and public sectors, as Trailblazing Women in Public Finance.
November 10 -
October has, on average, been the heaviest new-issue month of the year. Analysts said the lower volume, particularly taxables, was led by many issuers sitting on the sidelines, waiting for a potential package from Washington, D.C.
October 29 -
The top bond counsel firms combined for a total of $341.96 billion in 9,065 transactions during the first three quarters of 2021, up from the $329.89 billion in 8,503 deals over the same period in 2020.
October 26 -
Volume falls slightly in the week of October 25 with total potential volume estimated at $7.408 billion: $6.036 billion of negotiated deals and $1.372 billion in the competitive market.
By Lynne Funk and Jessica LernerOctober 22 -
Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.
October 15 -
The two active municipal bond insurers wrapped $29.02 billion in the first three quarters of 2021, a 13.8% increase from the $25.49 billion of deals done in the first nine months of 2020.
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