Markets

The Bond Buyer's muni bond indexes were mostly stable in the week ending May 1, as Treasuries continued firming.

Municipal bond fund flows turned negative for the week ending April 30, as funds reported $26.38 million of outflows.

Tax-exempt money market fund outflows slowed to $3.48 billion as total net assets dropped to $257.62 billion in the week ended April 28, according to The Money Fund Report, a service of iMoneyNet.com.

Investment advisors gave their take Tuesday at the Milken Institute Global Conference on investments at a time when questions are rising about the status of the economic cycle.

An $834 million Pennsylvania general obligation sale may get plenty of attention this week in a market with little else to focus on, as volume reverts back to 2014's skimpy norm after inching up last week.

Municipal mutual funds reported inflows increased to $244.26 million in the week ended April 23 from $74.03 million of inflows the week before.

Tax-exempt money market funds reported losses of $5.61 billion – the largest decline in assets in a year – as total net assets fell to $261.10 billion in the week ended April 21, according to The Money Fund Report, a service of iMoneyNet.com.

The Bond Buyer's muni bond indexes were mostly stable in the week ending April 10, as Treasuries softened.

New issuance of more than $7 billion is expected to arrive in the primary this week, as Illinois tests the market's appetite for a second time this month with its general obligation credit — this time a $750 million sale that will be joined by large financings from issuers in Texas and New Jersey.

Tax-exempt money market funds reported losses of $3.67 billion in the week ended April 14 as total net assets fell to $266.72 billion, according to The Money Fund Report, a service of iMoneyNet.com. The losses come on the heels of the prior week's inflows of $1.58 billion.