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The MTA took a victory lap on congestion pricing, presenting new data and rebuking the "existential threat" from the White House.
February 27
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It has been a bit of a "heavy start" to the year for issuance, said Jeff Devine, a municipal research analyst at GW&K.
February 26
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Muni prices continue to "show relative resilience" despite a nearly record pace of issuance, said Matt Fabian, a partner at Municipal Market Analytics.
February 25
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Last week, "there was no meaningful economic data to digest and yields were slightly lower," said Daryl Clements, a portfolio manager at AllianceBernstein.
February 24
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The unpredictable nature of legislating leads most to holding off on disclosure changes until a bill becomes a law.
February 24
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Most states and sectors in the region beat their 2023 issuance by wide margins in 2024.
February 24
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Market activity has been somewhat "subdued," and USTs yields have been "relatively well-behaved," though the 10- to 30-year rates have slightly underperformed, moving up three to five basis points, said Barclays strategist Mikhail Foux.
February 21
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The Trump administration singled out the Las Vegas-Los Angeles bullet train for praise Thursday, the same day the deal priced.
February 21
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Investors added $546.3 million to municipal bond mutual funds in the week ending Wednesday, following $238.5 million of inflows the prior week, according to LSEG Lipper data.
February 20
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The bonds are to be sold competitively in April.
February 20
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The Investment Company Institute reported outflows of $336 million for the week ending Feb. 12, following $852 million of inflows the previous week.
February 19
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Municipals were narrowly mixed to start the holiday-shortened week, but the lighter supply should buoy the market.
February 18
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"This week's rate volatility made muni trading challenging as Treasury rates have been moving up and down abruptly on the back of inflation releases and tariff news," said Barclays strategist Mikhail Foux.
February 14
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Investors added $238.5 million to municipal bond mutual funds in the week ending Wednesday, following $1.124 billion of inflows the prior week, according to LSEG Lipper data.
February 13
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The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.
February 13
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Inflation is front and center this week, with the consumer price index report released on Wednesday and the producer price index on Thursday.
February 12
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Municipals were cut up to four basis points, depending on the scale, while UST yields rose up to four basis points out long.
February 11
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Munis continue to outpace USTs as ratios on the front end continue to richen relative to USTs, Jason Wong said.
February 10
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Yields have fallen over the past few weeks, so "any decent excuse that rates move up a little bit after that big rally" may have occurred as the market digested the report — which was a "little bit of a mixed bag" — after the initial headline figure, said Jeff MacDonald, EVP and head of fixed income at Fiduciary Trust International.
February 7
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The NYC TFA will test how the national news cycle has affected the market's appetites.
February 6
