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Mary Schapiro, chairman of the Securities and Exchange Commission, laid out a case for additional money market reforms before the Senate Banking Committee Thursday.
June 21 -
Moody's Investors Service downgraded several key U.S. banks late Thursday, possibly impacting municipal bonds.
June 21 -
Muni bond indexes were mixed on the week as the need to put truckloads of reinvestment money to work pushed investors to buy munis even while yields sat at barrel-scraping levels
June 21
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The tax-exempt money market sector saw a moderate decrease in cash in the week ended June 18 as $801.2 million exited the funds and total net assets settled at $271.40 billion, according to the Money Fund Report, a service of iMoneyNet.com.
June 21 -
After amassing $555 million of inflows for the week ended June 20, muni bond mutual funds that report their flows weekly have now seen inflows for 10 consecutive weeks.
June 21 -
Morningstar, Inc. will soon enter the municipal bond research business. It plans to offer credit quality and price discovery products and services on the municipal market to registered reps, asset managers, banks and insurance firms likely over the next three months.
June 21 -
A 39% plunge in the median net worth of U.S. families is a credit negative for state and local governments and higher education, Moody's Investors Service stated.
June 20 -
Additional regulation of money-market mutual funds could increase short-term borrowing costs for state and local governments, leading municipalities to raise taxes or cut spending on infrastructure and other critical projects, according to a paper released Monday by a Georgetown University professor.
June 18 -
The municipal bond market expects another reasonably healthy week of new issuance. The Massachusetts Building Authority leads the charge with an expected pricing of $750 million of sales tax refunding bonds.
June 15 -
Jim Swanson, chief investment strategist at MFS Investment Management, shared his views on the muni market in 2012's second half, legislative issues affecting the market, overall volume and his prognosis on mutual fund flows and performance.
June 15
