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Municipal bond funds suffered a reverse and saw outflows in the latest week, according to the latest Lipper data. Funds which report weekly saw $73.372 million of outflows in the week ended July 29, after seeing inflows of $125.410 million in the previous week. The prior weeks inflows were the first time in 12 weeks the funds had seen a cash infusion.
July 30 -
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased four basis points to 4.40% for the week ended July 30 from 4.44% in the previous week.
July 30 -
Five Louisiana universities avoided rating downgrades by Standard & Poor's because the state bolstered their 2016 budgets instead of enacting new cuts.
July 30 -
Senators avoided an Aug. 1 shutdown of highway projects by passing the Houses three-month HTF extension.
July 30
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The developer of the All Aboard Florida private passenger train system plans to quickly issue $1.75 billion of private activity bonds after approval of the deal.
July 29
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The $8 billion, three-month extension of the Highway Trust Fund avoids a project shutdown in August.
July 29
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Credits of the U.S. publicly owned airport sector and the crucial role of airport management are undervalued by the major ratings agencies despite their blemish-proof record, Kroll Bond Rating Agency said in a new report.
July 29
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"Detroit's a much better credit than it was two years ago," its former emergency manager, Kevyn Orr, told a municipal bond market group.
July 29
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S&P Dow Jones Indices on Wednesday launched two new indexes that will break out and track tax-exempt and taxable revenue bonds in existing S&P DJI indexes.
July 29 -
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House plans to leave for a long recess Wednesday after voting on a 90-day extension of federal highway funding.
July 28
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As fund flows turned positive for the first time in 12 weeks, analysts said the impact of Puerto Rico and Chicago on investor behavior may have been overstated, and that fund flows reflect only a corner of the municipal bond market.
July 28
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Revenue offsets in the Senate's six-year transportation funding bill are $1 billion short of proposed general fund transfers.
July 27
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