Buy side

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.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.00% the week before.

In the week ended June, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.98% from 3.96% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.96% from 4.00% the week before.

The market’s performance amid this week’s volatility shows many municipal investors are in it for the long haul. They need that coupon.

In the week ended May 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.02% from 4.00% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The district priced debt Thursday at narrower spreads than it faced in a November sale.

As Infrastructure Week ends, it’s sad to note that in the one area where all agree something must be done, there has been no progress.