Jessica Lerner is a senior markets reporter 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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Following the Federal Reserve's meeting this week, where the Fed is expected to hold rates, Chairman Jerome Powell will try to serve up a "nothingburger," said Cooper Howard, a fixed income strategist at Charles Schwab.
May 6 -
Focus was on the primary market last week, with Birch Creek reporting that one dealer estimated that 90% of the focus earlier in the week was on new issues.
May 5 -
Hilltop currently ranks 19th year-to-date among managing underwriters of municipal bonds, underwriting $1.2 billion in 53 issues.
May 5 -
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
May 2 -
April's volume was revised upward to $45.825 billion in 727 issues, up 2% from $44.945 billion in 707 issues in the same period in 2024, according to revised LSEG data.
May 1 -
The muni market is coming out of oversold conditions, said David Litvack, a tax-exempt strategist at BofA.
April 30 -
Compensation played a role in the departures, sources said.
April 30 -
April's volume was $41.178 billion in 660 issues, down 8.4% from $44.945 billion in 707 issues in the same period in 2024, according to LSEG data. This is still above the 10-year average of $35.436 billion.
April 30 -
The well-known muni strategist said he's pursuing "more market-related opportunities."
April 29 -
Some of the issuance stems from project finance largely "drying up" because of where rates are, said Jennifer Johnston, senior vice president and director of research, municipal bonds, for Franklin Templeton Fixed Income.
April 29
