Markets

With nearly $7 billion expected in the primary market this week, market participants said appetite for the flood of new issues is expected to be dictated by the pricing and structure of the deals.

Of all the risks facing owners of Build America Bonds, a spike in interest rates is one of the most alarming. Cumberland Advisors thinks it has found a way to neutralize this risk. The Vineland, N.J.-based firm is sympathetic to clients who are buffeted on both sides.

Nearly all of The Bond Buyer's weekly yield indexes increased this holiday-shortened week, as the municipal market mostly cheapened.

Following decreasing outflows last week, tax-exempt money market funds saw losses grow to $3.88 billion for the week ending Feb. 15 as they finished at $381.56 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Illinois and the Los Angeles Unified School District will share the limelight this week with each bringing a billion-dollar deal to market.

Near-zero yields on safe havens continue to feed municipal bond mutual funds.

A handful of states raised income tax rates last year — particularly on the wealthy — as tax receipts suffered a historic plunge.

The Bond Buyer’s weekly yield indexes were narrowly mixed this week, with the municipal market remaining mostly flat as the tone varied throughout the past few sessions.

The rating agencies may be poised to give California bondholders a breather. The bond market is not.

Outflows of tax-exempt money market funds inched down to $2.17 billion and settled at $385.44 billion in total assets for the week ending Feb. 8, according to the Money Fund Report, a service of iMoneyNet.com.