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Tax-exempt money market funds' inflows slowed to $819.6 million in the week ended June 17 after a $3.13 billion surge the week before, according to The Money Fund Report, a service of iMoneyNet.com.
June 20 -
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Life insurance companies' interest in municipal bonds has grown dramatically over the past several years, as their holdings have more than tripled since 2007.
June 19
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Households remained the biggest owners of municipal bonds in the first quarter of 2013 while mutual funds and U.S. chartered depository institutions increased their share of the $3.7 trillion market, quarterly data from the Federal Reserve Board showed.
June 17 -
Volume will inch higher this week as issuers are expected to bring an estimated $6.40 billion of new volume to the primary market led by sizable offerings that include a California health care offering, a New York water sale, and a Texas airport financing.
June 16 -
The amount of money investors have withdrawn from municipal bond mutual funds, at $1.61 billion for the week of June 12, continues to climb and break records for the year.
June 14
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Citi strategists released a report saying they do not expect municipal bond yields to continue to climb, although the road to stabilization will not be smooth.
June 13 -
After weeks of either net outflows or only modest inflows, tax-exempt money market funds recaptured $3.13 billion of net gains as total net assets grew to $260.97 billion in the week ended June 10, according to The Money Fund Report, a service of iMoneyNet.com.
June 13 -
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A difficult May in the municipal bond market has put investors on the defensive.
June 12
