Markets

Building off his success in creating a revolutionary website as Massachusetts assistant treasurer of debt management, BondLink founder Colin MacNaught has grown his firm into 45 states.

Refinitiv Lipper reported $798.474 million was pulled from municipal bond mutual funds in the week ending Wednesday after $407.976 million of inflows into the funds the previous week.

Utilities have faced lawsuits following wildfires for their perceived role in the destruction.

With around 30% of bonds trading near the de minimis threshold, a new study takes a deep dive into how the rule drives illiquidity as mutual funds dump paper that's approaching the threshold.

California and the Port Authority of New York and New Jersey held one-day retail order periods for $1 billion-plus issues.

The North Alabama operator priced $190 million of revenue bonds Aug. 29 to support among other things the purchase of an orthopedic physicians' practice.

Investors remain hesitant about "jumping back into munis even as rates are nearing multi-year highs as tax-exempts are still not cheap enough with the front-end ratios still yielding under 70% while the historical averages are around 90%," AmeriVet Securities' Jason Wong noted.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

The calendar will rebound with an estimated $7.141 billion next week with $6.323 billion of negotiated deals on tap and $817.6 million on the competitive calendar.

Refinitiv Lipper reported $407.976 million of inflows from municipal bond mutual funds for the week ending Wednesday after $534.428 million of outflows into the funds the previous week.