Oliver Renick

Demand for tax-exempt money market funds continued to shrink as the industry saw $530.4 million in outflows, leaving total net assets at $264.12 billion, in the week ended July 29, according to The Money Fund Report, a service of iMoneyNet.com.

Christine Pihl, a former executive director at JPMorgan, will join RBC Capital Markets' municipal finance department as a managing director, RBC said in an announcement Thursday.

BondDesk and S&P will launch a pricing service for odd-lot fixed income markets in the last quarter of this year to respond to murky pricing and increasing activity in the market.

Kroll Bond Rating Agency, a three-year-old firm on a mission to restore trust in credit ratings after the 2008 financial crisis, said Assured Guaranty's Municipal Assurance Corp was the ideal first case for its refined methodology to assess guarantors.

Bond insurers, banks and other stakeholders in Detroit are lawyering up in anticipation of court proceedings for the largest municipal bankruptcy case in U.S. history.

Traders of tax-exempt municipals had a sluggish start to the week Monday as investors weary from Detroit's historic bankruptcy tiptoed around small issue volume.

Activity in the tax-exempt municipal market was light Monday afternoon as traders tried to assess the effect of Detroit's historic bankruptcy.

The municipal market eased its way into the week on Monday with little activity, as traders look to assess the impact that Detroit's historical bankruptcy may have on the market.

Assured Guaranty launched a municipal-only financial guaranty insurer Monday with a AA-plus rating from Kroll.

After a bearish government announcement on jobless claims, the municipal market has struggled to gain footing throughout the afternoon. Traders said most activity is in the primary market.

The market for tax-exempt municipals remained mostly steady even after a government report this morning showed jobless claims declined last week, traders said.

Standard & Poor's rating service has assigned an AA-minus rating to Assured Guaranty's new municipal-only financial guaranty insurer, Municipal Assurance Corp.

Increasing U.S. infrastructure development through creative funding models may reignite economic growth, according to a report by McKinsey & Co.'s Global Institute.

Orrick, Herrington and Sutcliffe LLP took the most midyear market share of bond counsel deals in three years, with over $18 billion in par, or almost 11 percent of the market.

Morgan Stanley managing director Patrick Haskell has been appointed head of the institutional municipal business, the company announced this week. Haskell will oversee public finance and sales and trading in his new role.

Total assets in municipal bond funds rebounded after a week of record outflows, even as investors continued to redeem their cash for the sixth week in a row.

White-collar criminal defense firm Stillman & Friedman PC has joined with national law firm Ballard Spahr LLP in a partnership to help municipal bond market clients.