Buy side

Investors are watching an Aug. 13 refinancing on $985 million of bonds for proposed commuter line projects with southern Florida counties.

The fund's sell-off in June shows the challenges of accurate pricing in the high-yield muni market.

Larger dealer networks lead to lower markups, but smaller networks show evidence of potential collusion and market manipulation, the paper said.

Why more issuers are opting for the tender offer. San Francisco PUC's Nikolai Sklaroff lays it out for Bond Buyer Senior Infrastructure Reporter Caitlin Devitt.

While the cost of small trades is higher than institutional trades across all fixed-income markets, the gap is more pronounced in the municipal bond market.

The top suite of firms oversaw deals amounting to more than $139 billion par value across 58% of the market.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

Prices for some bonds issued for Florida's express train have fallen sharply since Friday.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.