Markets

The "newness" premium on Build America Bonds has thinned.

Cash continued pouring into municipal bond mutual funds at a record pace last week as investors once again ferried money out of safe havens and put it to work elsewhere.

There will be a small array of new issues in the primary market this week - including a pair of sizable New York deals and a pair of taxable Build America Bond sales.

Most of The Bond Buyer’s yield indexes declined this week, as municipals showed firmness in nearly all the week’s sessions.

Dr. Andrew Kalotay, a man not easily baffled, is baffled by the municipal bond industry.

For a second week in a row, the assets of tax-exempt money market funds increased, gaining $479.9 million to $469.14 billion for the week ending May 18, according to the Money Fund Report, a service of iMoneyNet.com.

Armed with an East Coast operation after its acquisition of Wachovia Corp., Wells Fargo & Co.’s wealth management division says it plans to use an integrated distribution model nationally to increase assets under management and market share.

Ipreo and Morningstar Inc. are partnering to supply Morningstar's fund ownership data to users of Ipreo's Bigdough contact database, the companies said earlier this week.

Earlier this month, the New York Times op-ed page featured, side by side, two very smart people presenting very different arguments.

As the spring reinvestment season gets underway, investors expecting June 1 coupon and maturity payments will have no shortage of supply this week.