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Monday's massive selloff contributed to investors pulling more out from the mutual fund complex. Exchange-traded funds saw $1 billion of outflows and high-yield investors yanked out $1.7 billion.
June 16
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The 75 basis point hike, prompted partly by hotter-than-expected inflation data, is the largest since 1994.
June 15
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As interest rates rise and muni yields trend higher, the Peach State is set to competitively sell its triple-A rated municipal bonds.
June 15
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Triple-A yield curves rose five to eight basis points. Volatility somewhat eased Tuesday as investors took pause ahead of the Federal Open Market Committee meeting.
June 14
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The 25-basis-point move to higher yields is the largest one-day change in triple-As since March 2020 when COVID began roiling markets. Munis could not ignore a continued selloff in UST led by inflation and recession concerns.
June 13
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Ahead of the FOMC meeting, municipal issuers pull back. Investors will be greeted Monday $2.880 billion of new-issue supply.
June 10
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The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.
June 10
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Refinitiv Lipper reported $2.094 billion of outflows, reversing the $1.216 billion of inflows from the mutual fund complex.
June 9
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Bridger Aerospace plans to sell $160 million in unrated taxable revenue bonds, with a verified sustainability designation, through conduit Gallatin County.
June 9
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Hardy Manges brings three decades of experience in municipal trading to the national, full-service investment bank, brokerage and advisory firm.
June 9
