Buy side

The Bond Buyer’s weekly yield indexes were mixed this week, as the short end of the municipal yield curve cheapened, but the long end remained unchanged to slightly firmer.

State Street Global Advisors hired Nuveen Investments to manage a suite of five municipal bond exchange-traded funds — plus a series of new funds the company expects to launch in the coming months.

When Build America Bonds hit the market a year ago, Eaton Vance did not have to do much homework before launching its mutual fund devoted to the new product.

Even as the market for Build America Bonds has evolved over the past 12 months, underwriters, bankers, and analysts are still schooling investors and issuers about the taxable securities using various approaches.

If anyone understands the value of getting people’s attention, it’s Jim Lebenthal.

The pace of cash flowing into municipal bond mutual funds fell off a cliff last week.

Volume will decline sharply this week as the market closes the books on the first quarter.

On the heels of a historic decline in the money market funds overall last week, tax-exempt funds stemmed their own losses to nearly half of last week’s outflows. Approximately $2.03 billion fled the market and total assets closed at $370.07 billion during the week ending March 22, according to the Money Fund Report, a service of iMoneyNet.com.

Fitch Ratings will raise its credit rating on nearly every state and most cities under an overhaul of its municipal credit-evaluation system next month.

Nearly all of The Bond Buyer’s weekly yield indexes rose this week, as cheapness particularly on the short-end of the curve permeated the market.

Toll-road bond investors can stop panicking over high gasoline prices.

The flow of cash into municipal bond mutual funds slowed down another notch last week.

There will be several significantly sized offerings this week, including a pair of $2 billion financings — one in California and the other in Florida — that will join other large deals in the primary market.

Joseph Darcy’s first task upon becoming manager of the Hartford High-Yield Municipal Bond Fund this year: resisting temptation.

The Bond Buyer’s weekly yield indexes were somewhat mixed this week, with yields little changed after a new-issue driven week.

Outflows from money market funds reached epic proportions as the combined assets of 1,664 funds suffered their third-largest ever one-week decline, plummeting $75.63 billion to $2.99 trillion for the week ending March 16, according to the Money Fund Report, a service of iMoneyNet.com.

The unwinding of the Federal Reserve's liquidity programs is unlikely to boost the sickly yields on tax-free money market funds, participants say.

Charles Schwab Corp. has partnered with Pacific Investment Management Co. to offer wealthy clients in or approaching retirement a managed municipal bond laddering product.

Is the river of cash flooding municipal bond mutual funds slowing down? It ­depends how one interprets the ­numbers.

A $900 million New York City general obligation offering will thunder into the primary market as part of an estimated $5.62 billion of new long-term volume expected to be priced this week, according to Ipreo LLC and The Bond Buyer.