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Muni bond mutual funds recorded their 19th straight week of outflows, at $690 million, as demand for tax-exempts stumbled.
October 4 -
Public Financial Management announced Thursday that it has expanded its higher education practice in the Los Angeles office.
October 4
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Table as of: 10/03/2013 12:19 PM Invisible Supply Issuer and purpose Amount
October 4 -
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Advisory firm Clark Capital Management Group created a new fund that uses munis to hedge against interest-rate risk and formed a partnership with longtime muni pro Jonathan Fiebach to run it.
October 3 -
City Colleges of Chicago hit the road Thursday to promote a $250 million general obligation sale that garnered double-A level level ratings but carries the blemish of the citys name.
October 3 -
The total net assets of tax-exempt money market funds dipped to $263.15 billion after $588.70 million of outflows in the week ended Sept. 30, the third consecutive decline, according to The Money Fund Report, a service of iMoneyNet.com.
October 3 -
Clark Capital Management Group, a family- and employee-owned investment advisory firm that manages $3 billion in assets, appointed Main Point Advisors, Inc. to sub-advise its new Navigator Duration Neutral Bond Fund.
October 3 -
Table as of: 10/02/2013 13:01 PM Invisible Supply Issuer and purpose Amount
October 3 -
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The municipal market is prepared to withstand a congressional impasse over raising the debt ceiling this month as a U.S. credit downgrade that roiled the tax-free market during the 2011 debate is considered unlikely to recur this time around.
October 2 -
Fitch Ratings downgraded Cerritos Community College District from AA-plus to AA with a stable outlook impacting $57.5 million in bonds.
October 2 -
After the Fed decided not to taper its stimulus program, muni investors may want to grab an airbag, as the market faces likely volatility in interest rates, fund flows, potential issuance and municipal bond relative attractiveness.
October 2
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One asset Manager says that, contrary to conventional wisdom, when interest rates rise, municipal investors who try to limit their risk might be wise to not shorten the maturity on their bonds.
October 2 -
Table as of: 10/01/2013 12:22 PM Invisible Supply Issuer and purpose Amount
October 2 -
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Ohio Gov. John Kasich formally launched the work of crafting a new two-year capital budget last Saturday by meeting with the leaders of the state's higher education institutions.
October 1
