Markets

Money market funds continue to waive big chunks of their management fees as yields on cash instruments remain too low to charge the full amount.

Build America Bonds will continue to dominate the primary market and volume will continue to seesaw this week as issuers get ready to price nearly $7 billion, down significantly from the nearly $10 billion that arrived last week.

Flows into municipal bond mutual funds remained steady last week in the face of a rough week for bonds.

The Bond Buyer’s weekly yield indexes increased this week, driven by two considerably softer sessions.

Tax-exempt money market funds declined by $1.25 billion to settle at $326.73 billion in total assets the week ending Oct. 25, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal bonds’ performance versus Treasuries over the next few months is up to the Federal Reserve.

The stream of cash into municipal bond mutual funds rebounded last week after a month or so of decidedly slowing inflows.

As investors continue to struggle with low absolute yields, issuers in the Northeast and California will dominate most of the primary market with relatively large financings — led by $800 million from the Bay Area Toll Authority — as part of an estimated $10.6 billion of new, long-term volume, according to Ipreo LLC and The Bond Buyer.

Water utility bonds might not be as safe as everyone thinks.