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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Several investors in a challenge to a University of California Regents Build America Bonds redemption "may give issuers additional reason for pause when vetting similar refundings," J.P. Morgan strategists said.
March 7 -
It was a good day for munis with larger deals clearing the primary and secondary trading showing a more constructive tone with triple-A yields falling a few basis points amid a stronger session for all markets.
March 6 -
Harvard and Princeton coming to market is a "huge sign of confidence," said Clare Pickering, a Barclays strategist.
March 6 -
Large deals were repriced to lower yields while the secondary market was lightly traded, leading to little changed triple-A yield curves and underperformance to Treasury market gains. Despite a growing calendar, the supply demand imbalance remains with much cash on the sidelines.
March 5 -
The muni market "exhibited similar themes from the past few weeks as extremely rich valuations and the upcoming unfavorable supply/demand picture have led to a measured buyer base," said Birch Creek Capital strategists in a report.
March 4 -
The bank has also hired some analysts to its infrastructure group over the past several weeks as it plans to beef up its muni team.
March 4 -
The negotiated calendar is led by the Regents of the University of California with nearly $1 billion of general revenue bonds.
March 1 -
High rates and high inflation, coupled with rich reserves, pushed off or delayed issuers coming to market in 2023, noted James Pruskowski, chief investment officer at 16Rock Asset Management.
March 1 -
Issuance is already slated to be healthy next week, with some large deals on the calendar.
February 28 -
Three of the hires are group heads in public sector and structured finance businesses at the firm.
February 28
