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.
-
The market outlook is mixed, according to Barclays strategists.
June 22 -
The FOMC's hawkish tone hasn't cost munis yet, but the reaction from USTs may bring pressure, according to NewSquare Capital's Kim Olsan.
June 18 -
The tobacco sector has been among the worst-performing in the muni market this year, but some say it's still overvalued.
June 18 -
Some shops have opted to build their own pricing systems, which provide customization and competitive advantages, although they carry hidden costs. Others have decided to buy to save time, upfront costs and get best built-in practices.
June 17 -
J.P. Morgan is ranked second among underwriters, accounting for $27.182 billion in par on 200 deals year-to-date, according to LSEG.
June 16 -
The funding comes with a commercial partnership: LeveL Markets will integrate OpenYield into its equities platform, giving LeveL's institutional clients a direct path to OpenYield's bond liquidity, according to a press release.
June 15 -
Supply has been robust in June but issuance falls to an estimated $8.137 billion this week.
June 15 -
There has been some "capitulation" in munis lately. The asset class was outperforming USTs until very recently, said Chris Brigati, managing director and CIO at SWBC.
June 12 -
Many factors impact the performance of munis, and, this year, everything seems to be working for the positive.
June 12 -
Muni yields were cut up to five basis points Thursday, depending on the scale, after yields rose up to two basis points the day prior.
June 11 -
The initial reaction following the CPI report didn't "move the needle" in the bond market, as the 10-year UST yield was just over 4.5%, said Jay Woods, chief market strategist at Freedom Capital Markets.
June 10 -
Volume was robust last week, with a nearly $20 billion new-issue calendar, and while supply dips to $13 billion this week, it will end up higher thanks to four sizable prepay energy deals that priced on Monday and Tuesday.
June 9 -
Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.
June 9 -
Issuance continues to drive performance in the muni market. Despite Friday's run-up in USTs, muni yields adjusted "less dramatically," said Ajay Thomas, head of public finance at FHN Financial.
June 8 -
The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.
June 8 -
While muni primary supply falls this week, it is still robust. Issuance is an estimated $11.541 billion this week, with $8.501 billion of negotiated deals on tap, according to LSEG.
June 8 -
The Nassau County Tobacco Settlement Corp's ability to continue as a going concern depends on restructuring its tobacco debt, the county's audit said.
June 4 -
"A lot of retail investors are still very distracted by the stock market," said Pat Luby, head of municipal strategy at CreditSights.
June 3 -
Investors most recently added $2.33 billion to mutual funds for the week ending May 27, bringing positive flows to date to almost $40 billion, according to LSEG Lipper.
June 3 -
The quartet of accelerated deals is among at least 25 additional unique credits above $100 billion coming to market, a major contributor to the surging supply of $18 billion to $20 billion this week.
June 2
