Markets

Nearly all The Bond Buyer's weekly yield indexes declined this week, as the municipal market was firmer in most of the week's sessions, and investors digested a healthy amount of new-issue supply.

WASHINGTON - Airports and toll roads face a more uncertain future than other transportation sectors, Fitch Ratings said in a special report due out today. The agency revised its outlook for both airports and toll roads to negative from stable, and suggested the sectors may be undergoing permanent transformation.

The municipal bond team at Evergreen Investments has a new leader. The Charlotte-based asset management firm has promoted Mathew Kiselak - a veteran with more than 20 years of municipal bond experience - to head of the municipal bond group effective immediately, the firm announced yesterday.

There will be a significant and noticeable bulge in note issuance this week when a $6.4 billion Texas note deal makes its way to the municipal market amid the dog days of summer.

Despite the credit crisis there has never been a better time to invest in fixed-income products, particularly triple-A commercial mortgage-backed securities, according to ...

Weekly reporting municipal bond mutual funds had a net inflow of $237 million during the period ending Aug. 13, AMG Data Services reported.

All of The Bond Buyer's weekly yield indexes declined this week, as tax-exempt yields dropped in nearly all the week's sessions.

With a weekly gain of $5.69 billion, tax-exempt money market funds for the second week in a row set a new record for total assets, growing to $527.06 billion for the week ending Aug. 11, according to The Money Fund Report, a service of iMoneyNet.com.

In a continued effort to restore liquidity to investors who purchased auction-rate securities issued by municipal closed-end funds, two major mutual fund families are the latest to announce plans to redeem outstanding ARS by using tender-option bonds - TOBs - as a new source of leverage.

The summer doldrums will take hold of the municipal market this week as new-issue volume dips to $3.96 billion from $5.21 billion last week, according to Thomson Reuters, and a $326.9 million District of Columbia general obligation offering takes the lead as the largest deal on the negotiated calendar.