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Households remained the biggest owners of municipal bonds in the first quarter of 2013 while mutual funds and U.S. chartered depository institutions increased their share of the $3.7 trillion market, quarterly data from the Federal Reserve Board showed.
June 17 -
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Table as of: 06/14/2013 17:01 PM Invisible Supply Issuer and purpose Amount
June 17 -
Volume will inch higher this week as issuers are expected to bring an estimated $6.40 billion of new volume to the primary market led by sizable offerings that include a California health care offering, a New York water sale, and a Texas airport financing.
June 16 -
The amount of money investors have withdrawn from municipal bond mutual funds, at $1.61 billion for the week of June 12, continues to climb and break records for the year.
June 14
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Providence, R.I. Mayor Angel Taveras desires $39 million in federal TIGER grant money to help fund a streetcar project he called essential to the city's comeback.
June 14 -
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Citi strategists released a report saying they do not expect municipal bond yields to continue to climb, although the road to stabilization will not be smooth.
June 13 -
The Highway Trust Fund will need an additional $85 billion in U.S. general fund transfers over the next six years just to keep the program operating despite recent events that have shown that current spending is not enough, a Department of Transportation official told a Senate Panel Thursday.
June 13 -
After weeks of either net outflows or only modest inflows, tax-exempt money market funds recaptured $3.13 billion of net gains as total net assets grew to $260.97 billion in the week ended June 10, according to The Money Fund Report, a service of iMoneyNet.com.
June 13 -
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A difficult May in the municipal bond market has put investors on the defensive.
June 12
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The Senate is expected to vote on whether to confirm Charlotte, N.C. Mayor Anthony Foxx as Secretary of the Transportation Department during the next few weeks, but has not yet scheduled the vote, a congressional aide said Tuesday.
June 11 -
U.S. Transportation Secretary Ray LaHood announced Tuesday that his agency received applications for $9 billion of Transportation Investment Generating Economic Recovery grants, when only $474 million is available.
June 11 -
Roberto Roffo, a 20-year asset management veteran, has joined Advisors Asset Management as a senior vice president and portfolio manager as the firm plans to enhance its tax-exempt management initiatives.
June 11
