Markets

Moody's has told MBIA Inc. that it will consider downgrading bond-insurer National Public Finance Guarantee Corporation, parent-company MBIA Inc. and sister-company MBIA Corp.

The Thanksgiving holiday brings a light calendar this week from municipal bond issuers, at $2.25 billion, while investor demand remains considerable and yields hover at record lows.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

Back-to-back holiday weeks combined with robust demand have kindled a strong rally in the municipal market and driven some muni bond indexes to levels they haven’t seen in more than 45 years.

An Alberta, Canada-based financial publisher seeking to streamline the investing experience for municipal bond buyers has acquired Municipalbonds.com.

Moody's Investors Service has downgraded 27 grant anticipation revenue vehicle bonds, totaling about $10 billion in par value.

The municipal market has seen falling yields, lighter supply and tightening credit spreads of late.

Though tax-exempt money market funds saw cash exit this week, the loss is relatively manageable given the heavy flows in the last two weeks.

Newport Beach, Calif.-based Mischler Financial Group, Inc., a Service Disabled Veterans Business Enterprise, announced that it plans to contribute 10% of the firm’s November profits to the Wounded Warrior Project.