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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 -
An $8.2 billion water infrastructure bill passed the U.S. House of Representatives with almost unanimous support Wednesday in the first major legislation considered in Congress after the recent 16-day federal government shutdown.
October 24
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Tax-exempt money market funds continued their downward trend as $1.26 billion exited the industry and total net assets settled at $263.66 billion in the week ended Oct. 21, according to The Money Fund Report, a service of iMoneyNet.com.
October 24
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Constraints on local and state governments ability to fund infrastructure projects provide an opportunity for Chinese investors to provide capital, goods, and services.
October 23
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New head of state highway officials group seeks national economic stability through sustainable federal transportation funding.
October 22
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