Markets

Managers say the uptick in volume in recent weeks has helped them diversity clients' portfolios, lowering their exposure to losses from unforeseen calamities.

A $1.1 billion Texas Transportation Commission will lead the activity in the primary market and usher in the fourth quarter as this week's largest deal -- even while volume is forecasted to decline from last week's recent high of over $8 billion.

Triet Nguyen is starting as a managing director at NewOak on Monday.

Taxable municipal bond sales surged to a five-month high in the past week, attracting yield-hungry investors as tax free spreads tighten.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell four basis points the week of Sept. 25 to 4.42%.

Green muni bond underwriters are stepping up marketing, with a focus on retail clients, as they compete for a share of the fledgling market.

Municipal managers say they're continuing to shield their clients' municipal assets from higher rates even though the timing of a rate hike remains uncertain and some are beginning to doubt rates will spike in the near term.

As spreads on bonds from the recent Detroit Water and Sewer, Chicago Water and Chicago Wastewater deals tighten, some analysts warn these credits might not be as safe as investors think.

As the issuance of green municipal bonds climbs this week, the bonds performance in the secondary market shows mixed results.

Volume is expected to edge up for the second week in a row as over $7 billion is predicted to arrive in the primary market, anchored by a pair of billion-dollar deals from New York and California.