Markets

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

A larger new-issue calendar greets investors with a lot of cash on hand and strategists expect municipal yields to rise as the calendar builds.

The fund focuses on investment-grade state and local government debt funding sustainable development, including affordable housing, green spaces and hospitals.

Refinitiv Lipper reported $1.1 billion of inflows into municipal bond mutual funds, with high-yield falling to $144 million. Even with the lower reported inflows, funds still raked in record billions so far in 2021.

The state prices $2.1 billion for institutions on Tuesday, also the date of the statewide vote on whether to recall Gov. Gavin Newsom.

Boston-based Breckinridge will partner with Harrington Cooper to specialize in investment grade fixed-income and ESG integration for investors in the UK, Ireland, Continental Europe and Japan.

The 16-year public finance veteran has concentrated much of his career on aviation-related financings.

The Federal Reserve said Wednesday in its Beige Book report that U.S. economic growth slipped to a more moderate pace between early July and the end of August.

Altru's deal drew a downgrade from Fitch Ratings and a raised outlook from Moody's Investors Service.

The deal enhances the data, analytics and execution services the firms provide for municipal bonds and other fixed income securities, they said.