Southwest

Municipal bonds finished a very active week little changed as participants caught their breath after seeing almost $12 billion of new issues come to market.

Refinitiv Lipper reported $1.7 billion of municipal bond fund inflows. while municipal prices were little changed Thursday.

The former Loop Capital executive has nearly two decades of experience in underwriting and institutional sales.

Renewable energy — already supplanting coal on the basis of economics — could become the major power source 15 years earlier than expected, researchers said.

With data from the two worst months of the year so far, state and local analysts are beginning to size up expected revenue losses.

The market looks forward to Thursday's $3.3 billion note deal from DASNY after handling a sizable calendar Wednesday.

Traders will be looking closely at Wednesday's FOMC meeting and whether the Fed will set target yields for some U.S. Treasury securities.

The new-issue calendar is filling up with deals formerly on the day-to-day slate, however net supply over the summer is expected to total negative $55B, including negative $15B in June, negative $21B in July and negative $19B in August.

The cities enter a primary municipal bond market prepared to absorb $9 billion of deals this week.

The pandemic's effect on public transportation has revived debate about the role of bicycles, ferries, in-city commuter rail and other alternative modes.