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This week will be short on days and, yet again, slight of issuance for the municipal bond market. Industry calculations hold that muni bonds expected to be sold this week should total $1.89 billion, versus a revised $2.18 billion million last week.
September 2 -
Long-term municipal bond volume last month easily outstripped that of the same period in a relatively issuance-starved August 2011.
August 31
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Van Eck Global will soon unveil an addition to its current municipal exchange-traded fund line-up, as the firm has filed with the Securities & Exchange Commission to launch the Market Vectors Short High-Yield Municipal Index ETF.
August 31 -
Memphis-based, fixed-income broker-deal Carty & Co. has expanded its new public finance division into Alabama, with an eye toward other states in the Southeast.
August 31 -
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Many market participants may be on vacation, but there's still interest in municipal bond mutual funds. Flows to muni bond funds rose on the week, keeping their hot streak alive.
August 30 -
The municipal market may have been in holiday mode this week, but there has been noticeable activity by institutions in the secondary, traders reported. The week's light issuance in the primary market was well received, as demand remained robust for tax-exempts.
August 30
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BondDesk Group LLC has appointed former UBS head of municipal trading John Bagley as president and senior managing director of BondDesk Trading.
August 30 -
Tax-increment financing is an increasingly popular model for cities looking to finance mass transit development, but participants in such projects said Thursday that economic conditions have created several significant challenges for TIF undertakings.
August 30 -
Tax-exempt money market funds saw the return of significant losses this week -- despite gaining some modest inflows last week -- as $2.45 billion fled the funds and total net assets settled at $270.01 billion in the week ended Aug. 27, according to The Money Fund Report, a service of iMoneyNet.com.
August 30 -
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Credit spreads on Puerto Rico's general obligation bonds have widened by as much as 70 basis points from the beginning of the year, while similarly rated bonds have seen spreads narrowing.
August 29
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Veteran infrastructure finance banker Rohit Syal has joined Ullico Investment Advisors, Inc., as a director, the company announced Wednesday. He formerly worked at Loop Capital Markets, where he was involved in prominent infrastructure deals.
August 29 -
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