Buy side

Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.25% from 4.28% from the previous week.

Public utilities have the rate-setting flexibility to handle an 11% drop in demand for electricity through 2040, according to Fitch Ratings.

In the week ended Dec.29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell seven basis points to 4.28% from 4.35% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Conservative strategies such as shortening duration and high liquidity proved fruitful for two mutual funds against the backdrop of massive mutual fund inflows and money market reform.

Changes to tax laws, interest rates, inflation, and volume are likely to drive the market in 2017, according to municipal experts.

Volatility whipsawed the municipal bond market in 2016 as the election of Donald Trump was followed by a swift and severe sell-off in the fourth quarter.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased to 4.35% from 4.33% from the previous week.

In the week ended Dec.8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 4.33% from 4.35% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal participants of every stripe gathered in midtown New York on Monday to discuss topics ranging from the tax exemption to Americas infrastructure to what’s worth the risk for investors.

The municipal industry was rocked by a selloff that left fund managers licking their wounds.

Fitch Ratings sees a stable outlook for North American energy infrastructure in 2017, despite Republican threats to reverse years of environmental regulations that could impact capital planning.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, were unchanged at 4.35% from the previous week.

Chicago Public Schools is readying its inaugural sale under a new dedicated capital improvement tax structure crafted to convince investors that bond repayment is insulated from both the district's operating struggles and the threat of Chapter 9.

Despite potential changes in environmental and energy policies under President Trump, analysts at Moody’s Investors Service expect public power utilities to remain stable in 2017.

Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings.

There is a sense among some market participants that the landscape for state credit has shifted amid concerns about revenue loss, pension liabilities, and other difficult-to-solve problems.

In the week ended Dec. 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 12 basis points to 4.35% from 4.23% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Catholic Health Initiatives, one of the nation’s largest nonprofit health care providers, is in danger of a downgrade from S&P Global Ratings after analysts placed its A-minus rating on its negative watch list.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose four basis points to 4.23% in the week ended Nov. 22 from 4.19% in the previous week.