Markets

Continuing the recent outflow activity, tax-exempt money market funds lost $2.55 billion and finished with $377.04 billion for the week ending March 8, according to the Money Fund Report, a service of iMoneyNet.com.

A debate is brewing in the municipal bond exchange-traded fund industry.

Investors continue to stuff municipal bond mutual funds with cash, supporting bond prices even as by some measures they are nearly as expensive as they have ever been.

For banks that built up significant portfolios in the municipal interest rate swap business, it may be time to consider what to do when the customer isn’t always right.

After a one-week postponement due to stalled legislation, California will make its way to market with a $2 billion sale of various-purpose general obligation bonds.

State and local governments are getting very little help from earnings on their investments at the precise time they need it most.

The Bond Buyer’s weekly yield indexes declined this week, as the tax-exempt market firmed slightly in each of the week’s sessions.

After a rare week of inflows, tax-exempt money market funds returned to negative territory in the week ending March 1, losing $2.15 billion and settling at $379.60 billion in total assets, according to the Money Fund Report, a service of iMoneyNet.com.

Short-term interest rates near zero are a bonanza for the closed-end fund industry. If only they lasted forever.

Nuveen Investments last month proposed the latest in a proliferation of investment vehicles devoted to Build America Bonds: a BAB closed-end fund.