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To little surprise, the Federal Reserve left interest rates unchanged. Refinitiv Lipper reported tax-exempt muni bond funds lost about $954 million.
November 5
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Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.
November 4
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The only major deal slated on the calendar, the Maine Turnpike Authority, came to market on Tuesday.
November 3
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Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.
November 2
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From feast to famine, ahead of the elections, the new-issue slate dries up while the secondary held steady.
October 30
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Long-term municipal bond volume is on pace to set a new record of yearly issuance, thanks in part to issuers rushing to market before the election and a continued taxable boom.
October 30
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New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29
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Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.
October 28
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South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.
October 28 -
In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.
October 28
