Buy side

Municipal bond funds reported inflows slowed to $192.27 million for the week ending June 5 from $634.48 million the week before, according to Lipper FMI.

Outflows from tax-exempt money market funds slowed to $692.4 million in the week ended June 2, as total net assets fell to $256.41 billion, according to The Money Fund Report, a service of iMoneyNet.com.

Local Michigan general obligation bonds and Chicago debt represent pockets of risk in an otherwise-improving municipal bond market, Charles Schwab said Friday.

Weekly municipal bond volume is forecast to jump to $6.5 million in the coming week, providing a measure of relief to a supply-starved market.

The Bond Buyer's muni bond indexes mostly strengthen in the week ending May 29.

Municipal mutual funds reported inflows declined to $634.5 million in the week ended May 28 from $663.6 million of inflows the week before.

Investors' ravenous demand for high-yield municipal bonds has created an optimal environment for lower-rated issuers, analysts say.

Airport deals will dominate the shortened holiday week, as volume drops to a scheduled $4.1 billion from $6.24 billion in the past week.

The Virginia Tobacco Settlement Financing Corp. plans to draw on reserves Dec. 1 because revenues won't be sufficient to pay debt service.

A de Blasio administration official disputed a Barclays report that called New York City's agreement with the United Federation of Teachers a credit negative.

Municipal mutual funds reported inflows increased to $663.6 million in the week ended May 22 from $616.5 million of inflows the week before.

The Bond Buyer's muni bond indexes mostly weakened in the week ending May 22.

Tax-exempt money market funds reported inflows of $913.9 million in the week ended May 20, raising total net assets to $258.64 billion according to The Money Fund Report, a service of iMoneyNet.com.

The parched market for municipal bond refundings may get some relief next year as call provisions kick in on debt issued a decade ago, easing a supply squeeze that has caused spreads to tighten this year..

Municipal bond volume will jump to the highest level in four weeks as $5.7 billion is estimted to the priced this week, led by a Missouri transportation financing and a Connecticut general obligation offering that plan to vie for investors' attention as the week's largest deals.

BlackRock Inc. says municipal bonds will extend April's gains as the second quarter progresses, though credit quality concerns remain for investors in Puerto Rico, New Jersey and tobacco bonds.

Municipal bond fund inflows declined in the week ending May 15 as gains by high-yield funds slowed.

The Bond Buyer's muni bond indexes mostly strengthened in the week ending May 15.

Tax-exempt money market funds reported outflows of $1.19 billion in the week ended May 12, cutting total net assets to $257.73 billion according to The Money Fund Report, a service of iMoneyNet.com.

Construction on the $1.8 billion partially bond-financed Iowa Fertilizer Co. project is slightly behind schedule due to the harsh winter but the project is making "timely progress" and commodity price expectations remain on target, according to Fitch Ratings.