Finance

Refinitiv Lipper reported another week of inflows at $1.64 billion, with $630 million headed into to high-yield. Benchmark yields rose as much as four basis points following weaker U.S. Treasuries, resistance to ultra-low yields.

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.

The municipal market largely ignored the FOMC news that it would hold rates steady. New Jersey was 20 times oversubscribed and ICI reported $2.5 billion of inflows into long-term municipal bond mutual funds.

Data released Tuesday show an improving economy, which continues to stoke fears of impending inflation. Muni investors await New Jersey's $1.57 billion transportation deal.

The bistate agency’s exports link increasingly to information-based services, an NYU Rudin Center study says.

The forward-delivery bond, part of its $1 billion special tax obligation issuance, was a first for the state, Treasurer Shawn Wooden said.

Jim Robinson, portfolio manager of the Robinson Tax Advantaged Income Fund at Liberty Street Advisors, talks about the changing ways investors should view stocks and bonds. Within the municipal bond market, closed-end municipal bond funds may represent a particularly attractive opportunity. Robinson notes that at a time when the cost of leverage is falling, discounts on closed-end funds are high. Lynne Funk hosts. (18 minutes)

The dearth of supply will likely hold down rates and keep certain investors out of the muni market. High-yield municipal bonds, still the most in-demand sector, tightened again.

New York City's mayor cited roughly $15 billion in additional state and federal aid, improving COVID-19 statistics and the further lessening of restrictions in releasing his executive plan.

Refinitiv Lipper reported $1.889 billion of inflows, with $641 million in high-yield. Negotiated deals repriced to lower yields while competitive loan yields were compelling from New Jersey and Los Angeles USD.

High-grade scales were little changed as ICI reports the sixth week in a row of inflows to the tune of $2.29 billion into municipal bond mutual funds.

Municipal triple-A benchmarks held steady as the focus was on the primary in which large new issues repriced to lower yields while secondary trading was light.

The municipal market was steady Monday as the investors gear up for three separate billion-dollar deals heading to market from California, New York, and Connecticut issuers.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

Nearly 40% of the fees it pays for bond sales go to women-owned, minority-owned and service-disabled veteran-owned investment banks.

They will benefit projects in transportation infrastructure, housing, educational building improvements and parks.

Four out of the six economic indicators released on Thursday surpassed expectations, with consumers tapping their savings to quench pent-up demand. U.S. Treasuries made gains but municipals stood on their own in an impressive two-day rally with insatiable demand.

Forward delivery sales, a replacement for tax-exempt advance refundings, could grow in 2021.

New Jersey lines up $400M sale with outlook boost