Markets

For the 10th week in a row, investors put cash into tax-exempt mutual funds with Refinitiv Lipper reporting a $857 million inflow.

A handful of economic indicators offered no clarity about the economy, which appears to be improving marginally, but remains fragile.

Rick Kolman and Al Kirton of Academy Securities talk about the state of the public power sector today – the challenges and opportunities that exist for investors.

New York issuers jump in for retail and Texas Transportation also makes an appearance as attractive low yields lure more issuers in. However, some participants say caution is warranted as the coronavirus spread widens in the South and West.

Although economic activity increased, an uncertain outlook clouds the future.

DFW reported present value savings of more than 27% from this week's current refunding of $489.5 million of tax-exempt bonds.

A new law allows state agency Space Florida to sell revenue bonds for private aerospace firms without requiring approvals from the state governor or cabinet.

Uncertainty makes downside risks prevalent, and the Fed will need to be accommodative when the crisis ends, according to Lael Brainard.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.