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Tax-free municipal money market fund assets declined by $2.25 billion to $316.80 billion in the week ending April 11, representing a major acceleration of outflows from the previous week, according to the Money Fund Report, a service of iMoneyNet.com.
April 14 -
March was the third month in a row that retail investors were net buyers of individual municipal bonds, and it also was the fifth consecutive month that mom-and-pop investors sold more shares of muni mutual funds than they purchased, according to the March Transparency Report published by BondDesk Group LLC.
April 13 -
In the face of ongoing muni weakness and the approaching federal income tax deadline, municipal bond mutual funds that report their flows weekly saw losses rise significantly as $1.14 billion left the $462.10 billion industry in the week ended April 6, according to Lipper FMI.
April 8 -
The municipal market will get a boost of fresh supply this week as issuers from Texas, New York, and Louisiana prepare to price some of the largest deals to surface in weeks with volume estimated to be $4.34 billion, according to Ipreo LLC and The Bond Buyer.
April 8 -
Tax-exempt money market funds saw only moderate outflows as investors yanked a mere $252.5 million in the week ended April 4, causing total net assets to dip slightly to $319.05 billion, according to the Money Fund Report, a service of iMoneyNet.com.
April 7 -
A $1 billion financing for the North Texas Tollway Authority, a $500 million offering from the New York Transitional Finance Authority and a pair of Colorado deals will lead the still-paltry new-issue activity in the municipal bond market.
April 1 -
Tax-exempt municipal money market funds lost nearly $3 billion in the week ended March 28 as total net assets fell to $319.30 billion, according to the Money Fund Report, a service of iMoneyNet.com.
March 31 -
The downturn in property tax receipts for municipal governments may finally have begun.
March 29 -
Despite volatility in the municipal market, sales of individual tax-free bonds to retail investors have been brisk even as cash withdrawals from muni mutual funds are still high, experts say.
March 29 -
Households surpassed their previous record and hit a 20-year high as they hoarded $1.095 trillion of the nearly $3 trillion of outstanding municipal bond debt issued by states and local governments as of 2010, according to data recently released by the Federal Reserve.
March 29 -
After a brief bounce in volume last week, the municipal market could be lulled back into its recent slumber as only $1.93 billion is expected to be priced in the primary this week, according to Ipreo LLC and The Bond Buyer.
March 25 -
Tax-exempt money market funds gained a bit, reversing last week’s losses by generating $137.8 million of new cash and pushing total net assets to $322.2 billion in the week ended March 21, according to the Money Fund Report, a service of iMoneyNet.com.
March 24 -
A noticeable surge in new issuance this week could jolt the municipal market out of its recent supply slump as estimated volume is expected to rise to $4.4 billion, according to Ipreo LLC and The Bond Buyer.
March 18 -
Tax-exempt money market funds lost $1.62 billion and total net assets fell to $322.1 billion for the week ending March 14 on the heels of modest inflows last week, according to the Money Fund Report, a service of iMoneyNet.com.
March 17 -
Investors will be hard-pressed to find any deals above $200 million this week as just a small handful of new financings are expected to crawl into the desolate primary market.
March 13 -
Tax-exempt money market funds saw modest inflows of $639.9 million in the week ended March 7, increasing total net assets to $323.67 billion, according to the Money Fund Report, a service of iMoneyNet.com.
March 10 -
Cash withdrawals from municipal bond mutual funds accelerated last week, proving that commitment from the retail community remains fragile even when muni bonds are doing better.
March 4 -
New volume will inch up slightly this week with several smaller financings dominating primary market activity, led by two sizeable general obligation deals in the Northeast that were priced for retail investors on Friday.
March 4 -
Municipal bonds have notched a good week as governments’ willingness to refrain from borrowing means investors with money to spend mostly have to chase existing bonds in the secondary market.
March 3
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Tax-exempt money market funds declined by more than double the modest and short-lived inflows they enjoyed last week as $2.75 billion poured out and total net assets dropped to $323.03 billion for the week ended Feb. 28, according to the Money Fund Report, a service of iMoneyNet.com.
March 3
