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For all the headlines about the budget woes of state and local governments, banks see them as good clients. Most market experts say there are plenty of investment-grade municipalities to court.
February 23
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Business as usual, in a market where banks have been complacent about their seemingly safe municipal bond holdings, would be big mistake, experts say.
February 22
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The tide of cash washing out of municipal bond mutual funds continued to ebb last week as more and more of the “hot money” that flooded the industry the last two years seems to have escaped by now.
February 18 -
Illinois’ $3.7 billion general obligation bond issue that was postponed last week will return to the calendar this week, the highlight of an otherwise bleak primary market.
February 18 -
Nearly all The Bond Buyer’s weekly yield indexes declined this week as long-end yields fell with each passing session and prices strengthened, mostly on the back of a light primary market.
February 17
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After recouping recent losses last week, tax-exempt money market funds saw $1.75 billion slip away in the week ended Feb. 14.
February 17 -
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Issuers paid less to borrow in the tax-exempt market in 2010, with a more pronounced decline in underwriting fees on bond issues authorized as part of the American Recovery and Reinvestment Act compared to the decline of combined tax-exempt and stimulus debt.
February 16 -
The Obama administration’s proposal to renew the Build America Bond program may suffer from the same problem it had the first time around, when the federal government didn’t think municipalities would use BABs that much.
February 15 -
Municipal bond mutual funds in the period ending Feb. 9 saw heavy withdrawals for the 13th consecutive week.
February 11
