Buy side

An influx of investment into high-yield munis has created challenges for fund managers forced to compete against each other to get in on new bond offerings.

The ICE risQ social impact scores will let municipal bond investors compare which communities will be socially impacted the most by their investments.

A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott.

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.

The firm hired seven new senior-level bankers in its fixed income division.

The housing and transportation sectors had the biggest declines in municipal bond volume.

It's still insufficient for New York’s Metropolitan Transportation Authority and other struggling issuers, according to Reinvent Albany.

Preston Hollow says another court ruling proves some of its defamation claims. Nuveen counters that accusations fail to rise to defamation because many are opinion or true.

Primary market deals generated strong demand, and municipals were little changed in secondary trading.

New York's DASNY is expected to make a $1 billion private placement Friday.

The site will provide a single location for investors to access its financial and operating data.