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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This collaboration allows users with a DPC Data subscription to access content directly within BondWave's Effi, providing Effi users with more information for all municipal bond positions in their portfolio.
September 24 -
Several factors make the current market "an attractive entry point" into the muni market, AllianceBernstein strategists said. For one, municipal valuations are cheap to fair value relative to U.S. Treasuries, partially due to the surge of supply in 2024.
September 23 -
"Active ETFs are becoming an integral part of investor portfolios around the world, with financial advisors increasingly incorporating them into their models-based practice," a BlackRock spokesperson said.
September 23 -
While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.
September 19 -
The product is designed to give SOLVE's customers visibility into "next-trade" pricing data for more than 900,000 munis.
September 19 -
For municipals, Wednesday "marks a crucial step forward, perfectly aligned with the current risk landscape," said James Pruskowski, chief investment officer for 16Rock Asset Management.
September 18 -
Fed rate cuts "should lead to positive price action for both taxable and tax-exempt bonds, and current nominal yields remain well above where they were when the Fed was more dovish, implying generous room to rally from here," said Matt Fabian, a partner at Municipal Market Analytics, Inc.
September 17 -
"Given increasing student demand for charter schools, we anticipate continued strong supply issued into the municipal market," according to Nuveen.
September 17 -
Despite the underperformance to USTs, munis saw positive momentum during the first two weeks of September with the asset class returning 0.68% so far this month and 1.99% year-to-date.
September 16 -
Household ownership of individual bonds was the largest category of muni ownership at 44.6%, mutual funds at 19.2%, exchange-traded funds at 3.1% and U.S. banks at 12.4%. While not detailed in the Federal Reserve data, SMAs may hold up to $1.6 trillion currently.
September 13
