Markets

Tax-exempt money market funds gave up last week’s short-lived cash flow as outflows of $1.80 billion dropped total net assets to $272.46 billion in the week ended May 28, according to the Money Fund Report, a service of iMoneyNet.com.

The Municipal Securities Rulemaking Board has launched an online guide designed to help retail investors better understand the municipal bond market and the roles and responsibilities of muni bond brokers.

Spring is in the air — and for muni investors that means the hunt is on to replace paper that will mature in June and July when more than $70 billion in coupon payments and proceeds from called and maturing bonds hits their accounts.

The two-day surge of new issuance this week did not sink the municipal bond market in a holiday-shortened week.

Tax-exempt money market funds retrieved some of the losses they suffered last week, as $1.47 billion of new cash flowed in and total net assets rose to $274.26 billion in the week ended May 21, according to the Money Fund Report, a service of iMoneyNet.com.

A great upsurge in new issuance could not deter investors from allocating money into municipal bond mutual funds.

A takeover of bankrupt American Airlines by US Airways could bruise some airport credits, with the risks most acute for their hub facilities, Moody's Investors Service warned in a special commentary released Wednesday.

Analysts see various scenarios playing out for the U.S. municipal bond market should Greece exit the euro currency and default on its remaining debt.