Lynne Funk is Executive Editor at The Bond Buyer. She leads markets coverage, is The Bond Buyer's Arizent Research Team liaison and contributes to Bond Buyer Conferences, Leaders and podcasts. Lynne previously worked on policy and markets at Municipal Market Analytics and in the Policy and Public Advocacy at the Securities Industry and Financial Markets Association.
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Munis saw smaller losses, outperforming a UST sell-off after the employment report came in stronger than expected, leading analysts to suggest Federal Reserve rate cuts may come later than anticipated.
By Lynne FunkFebruary 2 -
BofA expects muni yields to continue to move up and credit spreads to narrow "in a slow and gentle fashion" in February.
By Lynne FunkJanuary 26 -
LSEG Lipper reported Thursday that investors added $210.6 million to municipal bond mutual funds for the week ending Wednesday — the third consecutive week — after inflows of $898 million the week prior.
By Lynne FunkJanuary 25 -
Growing new-issue supply is "adding to bidders' 'wait-and-see' mentality with a variety of credits coming to market at favorable spreads," said FHN Financial's Kim Olsan. Next week's calendar hits $8.4 billion.
January 19 -
Interest rate risk, stagnant bond volume, loss of revenue and a looming presidential election top the industry's concerns for 2024.
By Lynne FunkJanuary 12 -
BlackRock's Peter Hayes talks demand, liquidity challenges and how the muni industry has changed during his 35-year career — and where it's headed. Lynne Funk hosts.
By Lynne Funk -
"Buyers went all in on revenue-sector names, with that category earning 6.8% and beating out GOs by 127 basis points," said FHN Financial's Kim Olsan. "Sub-sectors within the revenue category pointed to a risk-on theme into year-end."
By Lynne FunkJanuary 2 -
This performance is a dramatic rebound from 2022's losses.
By Lynne FunkDecember 29 -
Issuers should "absolutely be issuing if possible; the end of year outlook is positive on the surface but substantial volatility lies just below and could arrest or interrupt what have been easier primary market conditions," said MMA's Matt Fabian.
By Lynne FunkDecember 12 -
Illinois spreads tightened considerably after ratings upgrades earlier this year. The state saw up to 10 bidders on $875 million of taxable and tax-exempt GOs.
By Lynne FunkNovember 29