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Tax-exempt money market funds suffered losses for the fifth consecutive week as $2.40 billion escaped the industry in the week ended Feb. 11 and total net assets finished with $280.07 billion, according to The Money Fund Report, a service of iMoneyNet.com.
February 14 -
In a report, Moody's Investors Service outlined the risks associated with bank support agreements to which some municipal issuers are exposed.
February 13 -
New issuance will continue to dwindle further this week -- increasing the already-hearty demand and keeping municipal yields steady to lower -- as an estimated $4.39 billion in competitive and negotiated volume is expected to arrive in the primary market, according to The Bond Buyer and Ipreo LLC.
February 10 -
The steady but flat volume of note offerings that carried over into 2012 from the previous year was largely sustained by a shift in issuance patterns among municipalities.
February 10 -
A rising tide of municipal bond volume did not raise all bond sectors in 2012.
February 10 -
A dramatic increase in refundings, particularly in the first half of 2012, boosted volume for long-term municipal bonds by 31% last year from one year earlier.
February 9 -
Municipal coffers are recovering, but many bond investors still favor revenue bonds, particularly the essential purpose variety, over their general obligation brethren.
February 8 -
Nearly all The Bond Buyer's weekly yield indexes increased the week ended Feb. 7.
February 7
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Inflows to municipal bond mutual funds are shrinking, though they remained positive for a fifth straight week, as they recorded $109 million in inflows for the week of Feb. 6.
February 7 -
Massachusetts' pension fund returned nearly 14% in 2012 and exceeded its benchmark by 84 basis points, its board reported.
February 7 -
Net outflows among tax-exempt money market funds were down to $203.1 million and total net assets settled at $282.48 billion for the week ended Feb. 4.
February 7 -
The total amount of upgrades from Standard & Poor's continued to outpace the amount of downgrades during the fourth quarter of 2012, making the year a mostly positive one for rating changes.
February 6 -
The trustee for bankrupt American Airlines Inc.'s $1.4 billion of New York City airport revenue bonds hopes to submit a final settlement agreement after a majority of bondholders endorsed the terms.
February 6 -
Hospitals will likely continue to come to market to take advantage of low interest rates and strong investor interest despite uncertainty tied to federal deficit talks and implementation of the new federal health care law, Wells Fargo says in a report.
February 5 -
Fitch Ratings assigned more downgrades than upgrades during the fourth quarter of 2012, continuing the trend for the 16th consecutive quarter.
February 5 -
Following an eventful week where the tax-exempt market saw repeated softness, the second large financing in as many weeks was postponed, and the Federal Open Market Committee announced it would stand pat, state and local municipalities are preparing to pare down issuance this week.
February 3 -
Municipal bond mutual funds continued to see inflows, though the numbers fell for a third straight week, to $574 million for the week of Jan. 30.
January 31 -
The Bond Buyer weekly yield indexes were narrowly mixed the week ended Jan. 31.
January 31
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It's a new year, but talk of municipal bond issuance still revolves around the same subject: refundings. Long-term muni bond volume for January jumped 39% over the same period one year earlier.
January 31
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Outflows of $3.43 billion continued to whittle down tax-free money market funds in the week ended Jan. 28 as total net assets settled at $282.68 billion after the third steady week of losses.
January 31
