Markets

Weekly reporting municipal bond mutual funds had a net inflow of $903 million during the period ending May 28, AMG Data Services reported.

Nearly all The Bond Buyer's weekly yield indexes rose this week, as firmness that existed in the market prior to the three-day Memorial Day weekend eroded upon return due to rising Treasury yields.

May has been a stellar month for tax-exempt money market funds.

Weekly reporting municipal bond mutual funds had a net inflow of $815 million during the period ending May 21, AMG Data Services reported.

The arrival of a billion-dollar deal from Florida along with large utility offerings this week will keep the primary market busy despite the abbreviated trading in observance of Memorial Day yesterday. However, new-issue volume at the end of May won't be much higher than it was at the start of the month.

The Bond Buyer's weekly indexes were mixed this week, as slight gains were nearly washed away by a sell-off yesterday.

Tax-free money market funds continued on their record-breaking streak this week.

When June 1 officially kicks off the spring reinvestment season, bondholders will be faced with an estimated $51.6 billion in municipal bond redemptions for the month - approximately a 15% increase over June 2007, according to new figures from Interactive Data.

Weekly reporting municipal bond mutual funds had a net inflow of $695 million during the period ending May 14, AMG Data Services reported.

A handful of sizable deals will make their way to the primary market this week as the municipal market begins to show signs of the seasonal lull in volume that is typical ahead of the Memorial Day holiday next week.