Markets

Fed chair says it's unlikely there will be "troubling inflation" any time soon, and rates will stay low and asset purchases will continue at current levels. ICI reports another $3.24 billion of inflows as munis follow UST to lower yields.

Gov. John Bel Edwards wrote to President Joe Biden requesting additional federal funding for communities hard hit by three hurricanes in 2020.

New issues priced with ease with high-grade issuers tight to triple-A benchmarks. It was the first time the municipal yield curve saw such noticeable movement, following little changed secondary activity for nearly the past two weeks.

Federal COVID-19 relief aid cushions the district's balance sheet but labor, state budget, and pension woes remain.

Returns of all the investment grade options "pale in comparison to those for municipal high-yield," which should bolster Texas gas and Chicago public schools deals.

The $187 million deal is the largest yet to be hosted on the Clarity platform, which is approaching the half billion mark of resets every week.

The negative outlook reflects the challenge of rebalancing the district’s budget in the face of pandemic-related reopening costs.

With interest rates at historic lows and stock market returns at record highs, Tucson sees a ripe opportunity to issue pension debt.

The bistate agency intends to fund a build-in-place Manhattan terminal with capital funds, air rights, PILOT payments and federal backing.

A 'perpetual calm' continues to fall over the municipal market as inflows into municipal funds, combined with the shortage of traditional tax-exempt supply, is directing most aspects of daily market activity.