Markets

After a steep decline in the floating rate notes market following the financial downturn, issuance has been steadily increasing in recent years as issuers and investors find value in the product.

The Bond Buyer's weekly yield indexes mostly rose the week ended April 25.

Tax-free money market funds continued to suffer the effects of federal income tax season as investors withdrew $5.58 billion from industry, leaving total net assets at $263.91 billion, according to The Money Fund Report, a service of iMoneyNet.com.

The municipal bond market expects an uptick in issuance for the coming week with total potential volume expected to climb to $7.39 billion.

Different types of general obligation bonds have different types of characteristics and credit risks, which investors need to be aware of, according to a report from Kroll Bond Ratings Agency.

The Bond Buyer's weekly yield indexes again declined the week ended April 18.

The market saw outflows to muni bond mutual funds for a seventh consecutive week at $535 million.

The money market fund industry fell victim to seasonal outflows as significant withdrawals by individuals and corporations signaled the arrival of the filing deadline for federal income tax season in the week ended April 15, according to The Money Fund Report.

Issuers said they found value in JPMorgan's Transportation and Utility Conference.