Buy side

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.99% from 3.97% the week before.

During the new issue pricing period is when institutions place their orders. Independent advisors and their clients are wise to follow the money.

Public-purpose need has become an important marker for green bond deals as the market evolves.

In the week ended July 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.97% from 3.96% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

With limited supply available, an analyst said North Carolina’s $400 million deal should attract ‘significant demand’ from investors.

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Luke Bronin, in an interview at the Brookings Municipal Finance Conference, said Connecticut's capital city is "in a stronger position than we’ve been in a long time."

The San Francisco-based broker-dealer is expanding its offerings into taxables, coinciding with an increase in issuance in that space.

The summer lull, trade policy, the Fed, and the lack of a federal infrastructure plan all weigh against a recovery in muni volume this year.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.