Markets

There will be several significantly sized offerings this week, including a pair of $2 billion financings — one in California and the other in Florida — that will join other large deals in the primary market.

Joseph Darcy’s first task upon becoming manager of the Hartford High-Yield Municipal Bond Fund this year: resisting temptation.

The Bond Buyer’s weekly yield indexes were somewhat mixed this week, with yields little changed after a new-issue driven week.

Outflows from money market funds reached epic proportions as the combined assets of 1,664 funds suffered their third-largest ever one-week decline, plummeting $75.63 billion to $2.99 trillion for the week ending March 16, according to the Money Fund Report, a service of iMoneyNet.com.

The unwinding of the Federal Reserve's liquidity programs is unlikely to boost the sickly yields on tax-free money market funds, participants say.

Charles Schwab Corp. has partnered with Pacific Investment Management Co. to offer wealthy clients in or approaching retirement a managed municipal bond laddering product.

Is the river of cash flooding municipal bond mutual funds slowing down? It ­depends how one interprets the ­numbers.

A $900 million New York City general obligation offering will thunder into the primary market as part of an estimated $5.62 billion of new long-term volume expected to be priced this week, according to Ipreo LLC and The Bond Buyer.

State and local governments amassed their biggest-ever debt burden during the fourth quarter, meeting demand from retail buyers and a broadened investor base driven by federal stimulus programs.

Most of The Bond Buyer’s weekly yield indexes declined slightly this week, as some firmness continued to permeate a mostly unchanged municipal market.