Markets

The offered side "has continued to pack the primary market with value to manage their (and the market's) potential downside if disruption did occur; this also helps the context for muni buyers headed into the Fed," said Matt Fabian, partner at Municipal Market Analytics.

As ESG issuance has grown around the globe, so have investor demands, international standards for it and regulatory rulemaking around it. Citi's Aoiffe McGarry and Fitch's Megan Neuburger discuss with The Bond Buyer's Lynne Funk.

Eric Merlis, managing director and co-head of global markets at Citizens Bank, talks with Chip Barnett about the economy and financial markets and what the Federal Reserve might do. He also discusses possible near- and long-term economic scenarios. (15 minutes)

"Longer-dated bonds look attractive, as investors are locking in long-term rates before the expected decline in 2024," while "a tremendous amount of money is also invested in the short end of the curve," Nuveen strategists said.

Proceeds of the $178 million Series 2023 capital asset acquisition obligation bonds will finance programs for the county's general government and departments.

Washington will bring $1.1 billion of GOs in four competitive sales Tuesday, leading a new-issue calendar estimated at $5.439 billion.

Municipal bond mutual fund saw inflows with Refinitiv Lipper reporting investors added $1.040 billion to funds for the week ending Wednesday following $136.174 million of outflows the previous week.

Customers of Investortools can now access the MarketAxess products through the Investortools Dealer Network.

The Investment Company Institute reported investors added $111 million to municipal bond mutual funds in the week ending July 12, after $ 23 million of outflows the previous week.

The bond division undertook two transactions last week to retire outstanding taxable public education capital outlay and state revolving fund bonds. The transactions used $200 million in program funds, along with additional money, to pay down $400 million in state debt.