Buy side

The municipal bond industry has been following the rest of Wall Street down the path to a cold world of statistics driven by algorithms and various formulas to try to perfect an imperfect product.

In the week ended October 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.25% from 4.28% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The city is also considering its first general obligation bond issue since 2017.

The Boston-based firm announced digital enhancements for investor communications, treasury management and disclosure compliance.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 4.15%.

In the week ended September 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.15% from 4.12% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Connecticut’s planned issue of credit revenue bonds is a “potentially terrible long-term solution,” says Municipal Market Analytics.

U.S. Bank’s Tom Gallo looks to the future after a five-decade career that has encompassed everything from pink sheets to the financial crisis.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Boston-based muni technology provider has added Tom Paolicelli, John Murphy and Brendan McGrail.