Money market funds

In the midst of issuer credit deterioration due to coronavirus, muni yields fell and new-deals were priced on the heels of California's $54 billion deficit news.

The municipal market kept with a cautious tone on Thursday as the new-issue market continues to digest deals.

The municipal bond market again sold off as much as a half percentage point across the curve.

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.

Former N.Y. Giants tight-end and two-time Super Bowl champion Mark Bavaro is taking on an expanded role at Academy Securities.

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

If anyone had doubts about the market's ability to digest the largest weekly issuance influx in nearly two years, those can be put to bed now that all the deals have come and gone.

The last remaining deals of the week priced into a muni market that continues to perform strongly, as technical factors and drivers persist.

Municipals spent Thursday following the rally in Treasuries, with new issues dominating the focus.

A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.

With another fed funds rate cut in the books, munis saw a big drop in yields to close out the week and the month.

The issuance keeps pouring into the municipal market as muni fundamentals and interest rates drive demand.

Years after the Securities and Exchange Commission enacted a rule to require floating net asset values, finance officers are fighting the legislative malaise to try to undo it.

All eyes were on the enormous California offering. PREPA bonds have risen this month as investors anticipate a deal to restructure its debt is gaining support.

A few remaining deals trickled into a stagnant, steady market, as the SALT effects have impacted the seasonality typically associated with tax season.

A bill to let money market mutual funds use a stable net asset value is back on the table with the support of muni issuers.

The market maintained a "pretty positive" tone Thursday as traders saw the week's last new issuance.

Two lone deals priced on Thursday to close out new issuance for the week.

Fidelity’s money-market assets grew to $629 billion as of Oct. 31, according to Crane Data.

Issuer groups urged a Senate Panel to undo a 2014 SEC rule change that required money market funds to use a floating net asset value.