Buy side

High-yield municipal bond returns are more than 6% so far in the year as Nuveen expands its reach in the sector with a new "interval" high-yield fund.

Federal coronavirus relief helps the city deal with immediate budget problems, but pensions loom large over the city's post-pandemic fiscal landscape.

New evidence in PHC's defamation case against Nuveen has surfaced that involves Citi while a separate judge is considering whether to allow an antitrust charge to proceed

Chicago's investors will be on the hunt for answers to how the city intends to use federal dollars, including whether it's going to scrap scoop-and-toss plans and meet rising pension contributions.

A trio of municipal bond analysts say now is the time for investors to take advantage of the strength and resilience of the asset class.

Joe Geraci, who spent 24 years at Citi, most recently as co-head of the Global Spread Products division, will join investment advisor Old Orchard Capital.

As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.

Bel Air Investment Advisors is Hightower's 14th and largest acquisition in a year, with $8 billion of assets under management including $2.8 billion of municipals.

Jennifer Johnston will replace Tom Walsh, who is retiring on Dec. 1.

Eaton Vance operates dozens of municipal bond mutual funds under the Eaton Vance, Parametric and Calvert brands.