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The Investment Company Institute reported investors added $1.090 billion from muni bond mutual funds in the week ending June 1, up from $4.367 billion of outflows in the previous week.
June 8
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Fitch Ratings revised the outlook on Sacramento City Unified School District's BBB-plus issuer default rating to stable from negative.
June 7
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Positive momentum and supply scarcity are themes for the near future, which should bode well for the market.
June 7
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Gilt-edged Maryland typically helps to guide triple-A yield curves.
June 6
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The selloff in Treasuries and the continued strength of municipals have done their part to richen muni-UST ratios.
June 6
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Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $6.488 billion, led by $1 billion-plus of GOs from Maryland in the competitive market.
June 3
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The seasonal factors of a supply and demand mismatch, reinvestment needs and strong credit fundamentals, have opened a window of opportunity.
June 3
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High-yield raked in the majority of the flows helped by Nuveen reopening two of its high-yield funds to new investors. Participants remain cautious as macroeconomic effects still hang over the market.
June 2
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After next fiscal year, the governor expects both revenues and spending to increase.
June 2
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Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.
June 2
