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Outflows among tax-exempt money market funds continued for a third consecutive week as $879.7 million exited the funds and total net assets fell to $262.78 billion.
October 31
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Traffic and toll revenues are ramping up on Maryland Transportation Authoritys $2.4 billion, 19-mile Intercounty Connector built to relieve congestion in the Washington area.
October 30
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Non-profit hospitals in states that have opted not to expand their Medicaid programs under the new federal health care law will face financial problems and rating pressure next year, Fitch Ratings warned.
October 30
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U.S. airports are rebounding from the recession to a more normal pattern with stabilized ratings, Fitch said in new report issued today (Oct. 30).
October 29
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The network of muni credit professionals in Philadelphia has spawned a local analyst group that will launch next month with a Logan Square reception.
October 29
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The steady rise of inter-dealer trading of municipal bonds since the financial crisis has spurred debate in the market. Does their trading produce more liquidity or less-reliable price levels?
October 28
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Drexel Hamilton LLC, a veteran-owned full service institutional broker dealer, added to its municipal infantry with the appointment of John M. Donovan as senior vice president of municipal institutional sales.
October 28
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While Connecticuts $600 million special tax obligation financing will top this weeks slate of primary market deals, an overall drop in supply may leave investors starved for paper after a rally last week that dropped municipal yields to three-month lows.
October 27 -
Oppenheimer Funds, manager of 12 of the top 14 funds in exposure to Puerto Rico, has suffered the biggest outflows in the industry over the past six weeks as investors continued to shy away from the commonwealths debt after yields surged.
October 25 -
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Investors continued to pull money from municipal bond mutual funds for a 22nd straight week, at $746 million.
October 24
