Money market funds

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.