Municipal bond funds

Paul Malloy, head of municipals and credit research at Vanguard, tells why investors should take the long view to achieve relative value in munis as the year ticks on. Chip Barnett and Lynne Funk host.

Competitive issues dominated Wednesday’s calendar with issuers from Nevada, Texas and New Jersey leading the pack.

The Big Apple was a big presence in the market on Thursday as it sold almost $1 billion of taxable and tax-exempt general obligation bonds.

Municipal bonds were on the move Wednesday as two big issuers came to market with over $1 billion of transportation bonds.

As we enter the fourth quarter, municipals continue their remarkable performance with the market continuing to follow trends of demand outstripping supply and inflows into the asset class.

Most of this week’s municipal bond deals were well received, according to Peter Delahunt of Raymond James.

The primary market was somewhat stagnant after the FOMC but things should revert back how they were before — with most deals getting put away quickly.

Bank holdings in municipal securities continue to decline, as retail investors and mutual funds increase their holdings.

Municipal bond yields moved lower in secondary trading as some big deals were sold.

Municipal yields and issuance plans both rose, showing market participants aren't uncertain about the meeting, with a quarter point cut in interest rates baked in.

Municipal traders and managers said the tax-exempt market’s early strength translated into weakness before the end of trading — due to taxable and overseas influences.

Los Angeles and Broward County deals were offered while some say the municipal market feels "heavy" and in retreat.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

The Chicago Public Schools also came to market with a $349 million GO deal.

California's $2.4 billion GO deal was priced for retail investors on Wednesday.

The market will see $7.6 billion of bonds plus a $1 billion note sale coming up in a holiday-shortened week.

Many market participants were already planning their getaways before the unofficial end of summer hits next Monday.

NYC to continue Wells' muni underwriting ban as Fed's Powell opines on the firm's woes.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.