Mike Scarchilli has been with The Bond Buyer since 2005, serving at the helm as Editor in Chief since 2013. Scarchilli was previously Managing Editor, responsible for the day-to-day operations of the brand’s web site and newspaper. Before becoming an editor, Scarchilli was The Bond Buyer’s senior market correspondent, covering the cross-market fallout from the subprime debt crisis, and earlier was a regional reporter covering issuers in the Northeast. He holds a bachelor's in journalism from New York University.
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The municipal market was unchanged yesterday ahead of a heavy slate of new issuance set to hit the primary market later this week, including a $750 sale of taxable Build America Bonds for California scheduled for today, which the state announced yesterday.
November 2 -
The municipal market was mostly unchanged Friday in light trading activity following a barrage of new issuance this week.
October 30 -
The Bond Buyer’s weekly yield indexes rose this week amid light trading in the secondary market, as a flood of issuance in the new-issue market captured participants’ attention and focus.
October 29 -
Amid a flat to weaker secondary, California came to the municipal market yesterday with a $3.5 billion refunding of economic recovery bonds, by far the largest deal to hit the market in a new-issue dominated week.
October 29 -
The municipal market was mixed yesterday, as the Bay Area Toll Authority led an active primary market with $1.3 billion of taxable Build America Bonds.
October 28 -
The municipal market was unchanged to slightly weaker yesterday. Traders said tax-exempt yields on the short and intermediate parts of the curve were unchanged, with some scattered weakness on the long end of the curve.
October 27 -
The municipal market was unchanged to slightly weaker yesterday, kicking off what’s expected to be a heavy week of new issuance.
October 26 -
The municipal market was mostly unchanged Friday in fairly light activity.
October 23 -
Catholic Health Initiatives led the municipal market with a multi-faceted issuance of more than $1.1 billion yesterday, highlighting a new-issue dominated session amid an unchanged secondary.
October 22 -
The municipal market remained unchanged to slightly firmer yesterday, as the Alabama Public School and College Authority came to market with a $680 million refunding.
October 21 -
The municipal market was mostly unchanged yesterday in light secondary trading, as Maryland postponed over $600 million of its planned $803 million issuance for tomorrow, and few of the week’s larger new issues arrived in the primary.
October 20 -
The municipal market was largely unchanged yesterday with a slightly weaker tone, as Minnesota eliminated the refunding component of its originally scheduled $906 million deal slated for later this week.
October 19 -
The municipal market was mostly unchanged Friday, with slight firmness on the long end of the curve.
October 16 -
All The Bond Buyer’s weekly yield indexes for long-term debt climbed this week, as muni yields continued to push higher, even increasing by as much as 10 basis points in spots Wednesday, prior to finally stabilizing yesterday.
October 15 -
The municipal market somewhat stabilized yesterday, as yields remain unchanged following a sell-off of up to 10 basis points in spots Wednesday that continued a week-long pattern of rising yields.
October 15 -
The municipal market continued to weaken yesterday, with yields pushing higher by as much as 10 basis points in spots, causing issuers in Hawaii and Texas to pull scheduled new issues from the market.
October 14 -
The municipal market was weaker yesterday following a three-day holiday weekend. Traders said tax-exempt yields in the secondary market climbed about three or four basis points overall.
October 13 -
The municipal market was weaker Friday by two or three basis points, picking up where it left off Thursday.
October 9 -
Weekly reporting municipal bond mutual funds had a net inflow of $1.702 billion during the week ending Oct. 7, Lipper FMI reported.
October 9 -
NEW YORK – The California municipal market was weaker this afternoon by two or three basis points, picking up where it left off yesterday.
October 9
