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For the 10th week in a row, municipal bond funds reported cash outflows. The weekly reporting funds saw $305.707 million of outflows in the week ended July 8, after experiencing outflows of $1.199 billion in the previous week, according to the latest Lipper data.
July 9
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For the week ended July 9, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.45%, from 4.48% the previous week.
July 9 -
Advisors Asset Management has picked up two veteran fixed income traders as part of the expansion of its capital markets group.
July 9
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Senate will take up a highway funding bill next week but revenue source remains contentious.
July 9
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StepStone is the new consultant for the $30 billion Connecticut Retirement Plans and Trust Funds private investment fund, state Treasurer Denise Nappier said.
July 8 -
Months after the original private owner of the publicly owned toll road went bankrupt, the new owner, Australian fund manager fund IFM Investors, is set to complete the financing of its takeover bid next week.
July 8 -
Move America Bonds should be more attractive to many members of Congress than Build America Bonds, Sen. Ron Wyden said.
July 8
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Revenues generated from an overhaul of the corporate tax code could fund highways, Senate report says.
July 8
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An "administrative error" by M&T Bank is blamed for a delinquent debt service payment from Beacon, N.Y., but the mistake did not impact the city's credit rating.
July 7
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Gas prices fell in four of the six states with gasoline tax increases taking effect July 1, survey finds.
July 7
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John Hoeven, a Republican Senator and former governor of North Dakota, is keeping states' needs in mind with his bill to create Move America Bonds.
July 7
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Virginia will recoup $149 million of the more than $280 million the state spent on a cancelled $1.4 billion toll road P3.
July 6
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