Markets

Winterstein's firm advises buy-side and sell-side clients on vetting vendors, looking at synergies between different technologies and advising on their product set.

The biggest challenge to the public finance industry at large remains market volatility, according to respondents in The Bond Buyer's Live Market Survey. Forty-six percent named it their top concern, with a recession or economic downturn coming in second at 33%.

Munis experienced some firmness Tuesday, but "whether or not that's going to be for more than a nanosecond remains to be seen," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

The Board of Education enters the market with two speculative grade ratings and one investment grade after affirmations from the agencies across the board.

An elevated new-issue market is on the horizon with $14.87 billion, per The Bond Buyer's 30-day visible supply.

The new-issue muni calendar is estimated at $8.522 billion next week with $6.075 billion of negotiated deals on tap and $2.446 billion on the competitive calendar, according to Ipreo and The Bond Buyer.

"Transmission is often a pressing need. Routing power around more efficiently with fewer losses helps to maintain the integrity of the system," said John Hallacy.

LSEG Lipper data Thursday showed $297 million of outflows from municipal bond mutual funds for the week ending Wednesday after $780.1 million of outflows the week prior.

The state is issuing more GO debt this year because it's well positioned to tap the bond markets, Nevada State Treasurer Zach Conine said.

Pessimism reigned during the state of the union panel at The Bond Buyer's California Public Finance conference in San Francisco.