A lot is at stake for the public finance industry in this fall's elections, in addition to the Fed's involvement in the municipal market. Bond Buyer editors Lynne Funk and Kyle Glazier discuss the climate in Washington. (10 minutes)
Investing in 'social' bonds is becoming more commonplace in municipals. Anand Kesavan, CEO of Equitable Facilities Fund, talks about its drive to help charter schools' funding, and its social, racial and equitable diversity of investments. Lynne Funk, Bond Buyer Innovation Editor hosts. (24 min)
'How long, and how deep this will be?' Taxables, election, low-interest rates — how do these issues affect our market? Sylvia Yeh of Goldman Sachs Asset Management talks to Lynne Funk, innovation market editor (25 min)
The fund will invest at least 80% of its net assets in municipal green bonds from issuers including states, cities, municipal water and sewer enterprises, transportation systems, universities, and hospitals, and others.
Muni yields fell by as much as three basis points, according to readings on the AAA muni scales. However, some traders and analysts said this market is too tight given COVID-19 threats. Lipper reported $1.8 billion of inflows in the latest week.